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East West Petroleum Corp V.EW

Alternate Symbol(s):  EWPMF

East West Petroleum Corp. is a Canadian exploration and production company. The Company is pursuing conventional exploration and development oil and gas opportunities around the globe. In Romania, the Company has exploration rights in two exploration concessions, including EX-7 and EX-8.


TSXV:EW - Post by User

Bullboard Posts
Comment by StoogeNo4on Nov 10, 2015 2:13pm
53 Views
Post# 24278076

RE:RE:RE:RE:RE:What bothers me most

RE:RE:RE:RE:RE:What bothers me mostmirage2014, I know management was buying shares when it was well over $1.  I don't know how much they've averaged down or what their current averages are.  I guess it can be determined if I wanted to go through all of the paper, and I don't.  Or I bet they would say if you asked them.  Suffice it to say that I'm sure they want a higher share price; they may need it.

I remember 4 or 5 years ago, Rick Rule was suggesting that buying EWP at $1+ for a potential 5-bagger seemed like a good speculation.  Of course a lot has happenend in the gas/oil industry and the world since then.  But what is promising is that EWP's dilution hasn't been horrendous, and they have been consistently taking shares out of the market.

I'm not even considering $5 as viable given present supply and demand (and forecasts).  But I wouldn't be terribly surprised to see the stock pushing $1 again; maybe more if Romania works exceedingly well.
Bullboard Posts