GREY:CUDBF - Post by User
Post by
stockeditoron Jun 18, 2015 9:08pm
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Post# 23846825
Again the market is what it is (Currently $60.50/barrel) or
Again the market is what it is (Currently $60.50/barrel) or
$75CDN, plus premium for light oil. The Company said it wants the price of oil to be higher, but it did not spell out the minimum desired price. As a result people have run from the stock and reduced its value equivalent to an old pair of shoes. POP is not worth six cents, its only that low because management misrepresented the drill results on J5 and did not point out a break-even price. Of course if they had provided such a price, they could be taken to task. This out fit definitely needs some fresh blood.