Market doesn't lie.... The lack of basic information or results on montney drilling speaks for itself. ***NOTE:They are not in the "hot" montney trend of liquids-rich gas that is waiting on pipelines to be built. long Runs play is conventional with oil and gas over LOTS of water trapped in highs. Tough drilling.....
Guide is great at ignoring the "bad news" What happened to there 2011 drilling budget? They plowed major funds into their Kakut Doig horizontal play, ($65 million) and the results were burried. Why? Poor results.
Hmmmm. Smart money always exits first, I have no idea why they would even have an IR dep't. They rank up there as the worst I've seen.
Combine all of this with a $4.12 share and we have another Guide happening. I don't know how Sprott stays in business.
How do you take a company (WFE)with an asset value of $8-$9/share and turn it into a newco that is now worth less than half that value? It was a great way to get rid of poor results. Westfires results spoke for themselves, the growth, production and cashflow.
Westfires biggest mistake they ever made was letting Sprott in the door. Using money mart at 25% interest would have been smarter.