GREY:CAZFF - Post by User
Comment by
HeyIrishon Feb 26, 2015 8:29am
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Post# 23467060
RE:RE:RE:Be Cautious - News Out
RE:RE:RE:Be Cautious - News Out"42m in debt, 200m shares oustanding and under 2000 boepd production with no increase in the foreseable future = a bleak financial picture." ROIcursader.
My view is the exact opposite of yours. Owing 42 million means creditors are just as much on the hook as CAZ. They have a highly vested interest in CAZ's success.
While 200m shares outstanding might be considered high for a gold exploration company it is nothing for an oil exploration company; especially one that is now a producer. 2000 boepd goes a long way to service the debt.
I still hold Caza shares and will buy more in the dips. (most likely today). If life has taught me anything it's that large oil knows how to make money and they won't let low oil prices go on much longer. My thinking is large oil is pissed at all the small fracing companies and are behind the low oil prices so that they can buy these guys out on the cheap then they can resume their gauging of the public again. Business as usual.