TSXV:CLAS.H - Post by User
Comment by
tillbillyon Mar 26, 2012 9:21pm
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Post# 19720774
RE: the market will let us no tuesday
RE: the market will let us no tuesday Said it before but worth repeating. Sprott and the rest of the Gang bought in much higher than 7 cents with NO OIL. Now there apears to be oil, albeit vague and hard to nail down how much oil. I believe there is a downhole issue with the cement job that would be easy to solve in Alberta or Sask. The right contractors are available. This end of the world perhaps not an easy fix but if Brownstone or QEI have any nutz at all they will resolve this over time. And the cash flow should buy time but they really need to move forward with new wells (producers) AND maximize what they have in hand.
Will the price go up??? It should. This news was not OMG but it wasn't horrible. What concerns me is the sell down the last 2 weeks. You have to know Sprott heard this news 2 to 3 weeks ago...and although he didn't sell with both hands,,,,He didn't buy either. I'll hold my shares but I don't see a panic run-up. If it rises over 9 cents I'd be impressed.