GREY:VFGGF - Post by User
Post by
caillenon May 29, 2013 1:30pm
399 Views
Post# 21456212
Debt and decline rates are the reason for the fall
Debt and decline rates are the reason for the fall I bought into this on Friday at $.78 with an end of day stink bid...did my homework over the weekend and then sold out again on Monday at $.78. Too much debt being acquired every quarter ($40M)...decline rate is too great (reaks of PMG)...winter acess...one dimensional...and then there's that debt issue...$40M a quarter...that's a lot of debt and you need to hit some major home runs with your drilling program to cover that and it's just not happening...
I'm staying out unless it hits $.40 or less by summer.