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Niko Resources Ltd NKRSF

Energy Oil & Gas E&P
Niko Resources Ltd is an oil and natural gas exploration and production company.


GREY:NKRSF - Post by User

Niko Resources Ltd
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Comment by CalifDreamingon Jun 07, 2012 10:18pm
272 Views
Post# 19991743

RE: Canaccord's Comments $50 Target

RE: Canaccord's Comments $50 Target

Did I miss the news?  Where is the announcement that the Indo well was abandoned? No public info that I can see.  

Really bad form for Canaccord to release supposedly non-public info before the "official" news - I guess they've been trading on the confidential news and it happens so often that they "forgot" the public didn't know too...

In the low $20's, after the reserve writedown, I might take a position.  But with so many other better values right now, hard to get much enthusiasm for high cost/high risk drilling using a large slug of debt to do it.

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