TSXV:WEE.H - Post by User
Comment by
Sir_Holleron Apr 17, 2015 11:06am
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Post# 23640318
RE:RE:WTI $57.23!
RE:RE:WTI $57.23!Insiders bought about 1 million shares since the last financial report.
That's a significant statement in addition to the fact that they haven't sold a single share for over two years and have further purchased additional shares at much higher prices.
Do they have a basis to judge?
Stim sales growing at a rapid rate, on an annual basis, and new dynamic modelling software about to be implemented with Saudi Arabia, the UAE. Oman has already used the technology with very positive results and is scheduled for additional stims. The stim business has gone beyond trials to commercial adoption in general with over 1000 stims annually.
Petrobras implemented the largest upfront EOR contract to date. Pan American and Oman are to expand their EOR installations.
Ecopetrol expanding with Neptune.
Husky and WEE have filed patents for SAGD. Partnering with a producer may accelerate adoption.
With the Petrobras contract, Ecopetrol contract, and continued growth it looks like WEE could be cashflow positive over the next 12 months.