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Rooster Energy PRBEQ

Energy
"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Rooster Energy
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Comment by pearlson Mar 23, 2015 1:48pm
86 Views
Post# 23551336

RE:RE:RE:RE:RE:RE:RE:RE:bottom line....

RE:RE:RE:RE:RE:RE:RE:RE:bottom line....Remember, when this deal was valued by the independent valuation firm oil was $ 100 barrel and banks gladly lent money to any energy firm out there. The value was over $.50/share. Fast forward to today with the price of oil cut in half and banks not lending to small/medium sized energy companies the price per share would be significantly lower.  How much lower?  Right now the market says $.06/share. Our job is to figure out if the market is wrong. COQ will need to roll over around $40 million of secured debt in Feb 2016. If the market is still at $50 oil, some are speculating COQ will have a hard time finding that kind of money cheaply.  COQ is a high risk , high reward play at the moment. Not knowing for 6 months now what the company is or isn't doing doesn't help matters. 

Stateside
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Great post, thanks Stateside. Stands to reason that at today's oil price, the value of COQ might be around .20 to .25 cents given no other external factors.
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