GREY:VFGGF - Post by User
Comment by
ofirmeon Aug 27, 2014 7:41pm
174 Views
Post# 22884337
RE:RE:RE:The "Nothing is New" news is out
RE:RE:RE:The "Nothing is New" news is outyou could very well be right, but in order for the price to reflect the value you need more time.
if you establish that the production gains are not accidental, the land value and production
value will go up. I was wrong before (too optimistic), but this is the right way of establishing
a track record. penn west is waiting on their initial wells to show the production does not fall
off the clif and pinecrest is showing that the waterflooding does work, but this is only an early
round at this game. lets hope for the best. if they remedy more wells with decent results, the
game will change by quite a bit.
good luck to the company and to us, its shareholders.