RE: RE: RE: RE: why........the 16% jump I have at times had shares and have lost money (not huge losses). I currently have some shares that I paid in the 20s for.
I had briefly talked to management but I can see what they have done and what the wells have done. I was thinking they did a good thing with the Midale lands purchase and then well #2 put a stop to any further development. Not that well #1 in Midale was very good either. I was pleasantly surprised to see their success in Queensdale but now that is kind of over (althought good cash flow). They should not borrow anything to drill what they have...that will lead to recievership. Lake Alma is way too risky. I have never seen a property as overdrilled as Viewfield so that is rough. I thought that Lake Alma could bring some value from the likes of NAL (Pengrowth) but the asset is very risky and no one has an appetite right now for exploration risk. This was my quote from a post April 28,2010....I have had doubts since day 1.
Why do you guys like this management team? Glamis was a failure under these guys. I see one guy had some success as part of a team. Are we somehow crediting these guys for the recap of Glamis? I am not being sarcastic I just wonder about them.