RE:RE:A few points in the CNRL presentation to the Alberta Gov.The CNRL presentation discusses in detail the challenges in the oil patch. The reality is many juniors do not make it. Not all fail, but many do fail. I am not against all juniors, just against company's with overbooked reserves, overpromoted, significant land expiries, and a management team that does not have a record of raising monies. One last point, this management owns .005 of the company.
My monies are on this company failing. No take out bid coming for this company. One more year of low oil prices and this company will be done. This horse does not finish the race. Once the jockey ( the east coast fund ) jumps of this horse, the race is over. Good luck, but I hate to say, this horse is going to break down. Production will fall, and debt will cause more problems.