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ADIRA ENERGY LTD V.ADL

"Adira Energy Ltd is engaged in the energy sector. It is an oil and gas exploration company focused on early-stage exploration. The company has an option to hold interests in approximately two licenses, such as the Myra License and the Sara License. The Company does not have any oil and gas reserves and does not produce any oil or gas. The Company held interests in approximately two Israeli offshore petroleum licenses, including the Gabriella License No. 378 and the Yitzhak License No. 380."


TSXV:ADL - Post by User

Comment by tooez1on Aug 14, 2014 2:30pm
148 Views
Post# 22842863

RE:ADL - now bidding .015 /ask .02

RE:ADL - now bidding .015 /ask .02That's one interpretation...shouldn't short covering raise the price?

UBS that made large purchases awhile back is the large seller today. Whatever its strategy was before seems to have evaporated.

The upcoming rollback with declining oil prices seems to have put a damper on ADL's future, at least, at this point.

Likely no one else will pick up its licenses so there is still a small window here....but getting narrower....
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