RE:RE:BNN Market Call tonight
Here we go again with the little snot eating liar. Here is what John O’Connell said on BNN about Spartan Energy. Please people listen to it & hear the truth & see how the little snot eater wilwal distorts the truth & lies.
1) John O’Connell said that Spartan triple its production since its exception 1.5 years ago. Here are the trading metrics; please refer to the URL pasted for further proof.
Transaction Metrics:Alexander is acquiring elite, operated, low decline light oil assets located in southeast Saskatchewan and west central Saskatchewan. The Transaction has the following characteristics:
| Total Transaction Price (including net debt)(1)(2): |
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$495 million |
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| Production(2)(3): |
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5,200 BOE/D (96.6% oil and liquids) |
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| Proved reserves(2)(4): |
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15.97 MMBOE (91.8% oil and liquids) |
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| Proved plus probable reserves(2)(4): |
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22.74 MMBOE (92.2% oil and liquids) |
Wow – that would mean SPE would be putting out 13,000 BOE/d instead of the record breaking 9,300 BOE/d SPE brags about. BOE/d for the year is lower but I'll use to record month. All the oil is coming from Renegade assets - Alexandria had nothing. Before closing the deal, Renegade sold off assets & then never sank anymore money into drilling. Like they say, liars sure can lie & boy Spartan mgt. along with John O'Connell can lie - and throw that little snot eater wilwal in there with them.
https://www.marketwired.com/press-release/alexander-energy-ltd-combine-with-renegade-petroleum-ltd-create-premier-light-oil-high-tsx-venture-alx-1877964.htm
2) John O’Connell deliberately lies on BNN & states that LRE has sold off assets to pay down debt. He does say LRE proposed to sell assets – he emphatically states that LRE has sold assets to pay down debt. A pure liar like wilwal wonkey & on national television.
3) John O’Connell states that at the “snap of a finger” SPE can raise 200 million dollars & double production. Only a fool like wilwal would believe this – 200 million dollars for 9,000 BOE/d production – what a sick joke.
John O’Connell further said that after meetings with SPE brass they told him that SPE was in other words; was going to pay for the acquisitions the cheapest price regardless of how much the property is worth & the revenue from such property. What a joke. John O’Connell will give you a bottle of whiskey for 9,000 BOE/d.
People remember this: when I bought into Renegade Petroleum - the Nutcase was on BNN over & over again emphatically stating that Renegade's dividend was sustainable & don't sell. Further he said over & over again what a great job Renegade mgt. was doing & handling the debt. Look at Renegade today - it doesn't exist. The Nutcase change course jumped ship & supported the take over in a flash & then pumped over & over again Spartan.
The nutcase's latest; he tell's LEG has no other option but to capitulate with CPG & now look - even his buddy Frontfour are cursing the backroom deal made by Yanko. Oh - Nutcase bought into CPG.