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Trisura Group Ltd V.TSU


Primary Symbol: T.TSU Alternate Symbol(s):  TRRSF

Trisura Group Ltd. is a specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, and fronting business lines of the market. It has investments in subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (Trisura Canada) and the United States (Trisura US). Its segments include the operations of Trisura Canada, comprising surety business underwritten in both Canada and the United States, and risk solutions, fronting and corporate insurance products primarily underwritten in Canada and Trisura US, which provides specialty fronting insurance solutions underwritten in the United States. The main products offered by its surety business line are contract surety bonds, commercial surety bonds, developer surety bonds, and new home warranty insurance. Its contract surety bonds, such as performance and labor and material payment bonds, are primarily for the construction industry.


TSX:TSU - Post by User

Post by Lordoftheboardon Jul 24, 2012 12:45pm
279 Views
Post# 20146922

Success?

Success?

There are a couple of telling phrases used in their news release. They refer first to "markedly improved flow rates" and then later to "gas flow rates". Translation: they fracked and brought in the ocean. That would have shown on logs before fracking, unless by some delusion they thought it was oil instead of water. Both have the same log characteristics. I suspect they used too big a frack with their fingers crossed. 

"The flow rates tested to date are not considered reliable indications.....and are therefore not reported" Translation: They don't want to tank the stock even further because right now it is not good news. Releasing flow rates and water cut would be factual and useful information, but they don't want the market to know. Instead, they pick up the dice once more and hope that they can squeeze off the water zone. Normally, it would be lower and there may well be success. The problem is that there is so much water that they cannot dehydrate at surface, hence the gamble of a cement squeeze.

What's worse, they didn't have a contingency plan for this and now must go far afield to get the right equipment. Not too smart.

This is not an open and transparent issuer, regardless of results.

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