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WestFire Energy Ltd T.WFE



TSX:WFE - Post by User

Comment by bshort92on Jun 12, 2012 8:32pm
331 Views
Post# 20006256

RE: RE: RE: RE: Technicals are speaking....

RE: RE: RE: RE: Technicals are speaking....

I think these guys are in the late stages of a sales process. I think raising the borrowing base to $250 million was lip service to bridge confidence in the outfit pre sale. The shares drift lower on low volume...loosely translated they are going to be sold. To whom? That is a good guess but getting a light oil focused Viking light driller producing 11,000 boe/d will probably command $75K plus per flowing boe. Who pulls the trigger: CPG, LEG, WCP, BTE, CR? Those are just five guesses...could probably give you six or seven others.

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