GREY:SOGFF - Post by User
Comment by
sureshotzon Aug 18, 2013 12:23am
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Post# 21678984
RE:goin down!!!
RE:goin down!!!
Pigs get slaughtered eh. That is about the most irrelevant thing written on the subject on SOG. Are you on planet earth?
Somewhat relevent is the debt convenant they were in breach of (June 30) and the results of the muskeg stack wells which will drive the decision whether the bank commits to the addiitonal $7mm of spend on the development side. Hence the reason for the sell off being that the wells underperformed the type curve. Worst case scenario we see a small financing - this is what the market is uncertain of. In any chance, a lot of other positive things have happened so who really cares.
By the way, a hair on my ballsack has a higher IQ then you.