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AvenEx Energy Corp AVNDF

Energy Oil & Gas E&P


GREY:AVNDF - Post by User

AvenEx Energy Corp > production is ...
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Comment by themangokidon Nov 15, 2012 9:53am
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Post# 20603656

RE: RE: RE: RE: RE: RE: production is ...

RE: RE: RE: RE: RE: RE: production is ...

yep. looks like they are focusing on elbow river.  next quarter will be the first quarter we have the new rail facility operating for the entire 3 months. and hopefully the expansion of that rail facility will be completed in the 4th quarter as well.  from memory the expansion is supposed to increase capability by either 5x or 10x.  either way its a significant amount.

 

all this being said, I'd still like to see management ramp up elbow river, operate it for a few quarters, prove its worth and sell everything.  Looking at the company's history of dividend cuts and longterm stock chart, I dont have a lot of faith in management's long term capabilities. Only my opinions.

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