OTCPK:WSRLF - Post by User
Post by
uLYSESSon Dec 08, 2013 8:28am
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Post# 21983316
red baron is right ....
red baron is right ....Agree with Red Baron.
Management probably doesn't have the coin to be buying in all fairness ..... after all they have been through since 2007-2008 ...
*****
I have been in this game long enough to know the price of a share is the market price until the market says otherwise ..
There are bargains everywhere-until something changes to mark-to-market the new asset price-
Maybe Chevron is a bargain at its current price or IMO or TLM .....? Arene't those safer investments then WZR?
However:
Chevron could offer $2.50 a share for WZR tomorrow and there you go-the bargain becomes reality.
However, I guess we all overestimated the "scarcity" of the WZR/TLM block and "finds"-at least for now
The KRG was offering so many blocks .... and in theory-there is oil everywhere ....
in some ways ,,,,WZR had to be a pioneer at the cost of its own treasury ..... the cutting off of the S-1 cashflow was an event that I knew was going to be a problem, and now how long has it been since then?
When it was announced, wasn't it to be a temporary situation?
When will Simon's masters at the KRG allow the company to start trucking oil again?
Pescod warned everyone along time ago that dealing with the KRG and Baghdad was a recipe for disaster and a threat to your own investment funds ...
If Exxon or Chevron or Respol are given a chance to find their own fields .... why buy ours at this stage of the game?
It is part of the majors mentality also-we can find our own oil, our way ...
Maybe the KRG will push consolidation down the road .... Maybe Exxon will buy WZR or a Chinese national ....
As they say in the Middle East: "Maybe tomorrow never comes."
ulysess