GREY:PRBEQ - Post by User
Comment by
westcoast1000on Dec 18, 2015 2:37pm
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Post# 24396132
RE:RE:Reply from Rooster
RE:RE:Reply from RoosterIt is not surprising they cannot reply as to why insiders are not buying shares. That is a complicated question, with different reasons for different people. Chet Morrison could say he already owns 80% of the shares. Other insiders could say they have plenty also, and warrants at 14 cents that they will exercize when the opportunity arises.
Oil and gas are down obviously. Gas is in a bit better position than oil in the GOM, in my view, and COQ is in the a strong position for gas in the GOM based on their integrated strategy.
COQ made a small profit last quarter, and expects to be busy in well serves this quarter. COQ will also complete the newly drilled well this quarter. All that is already known from the management analysis at the end of Q3.
The board and management have a fiduciary responsibility to ALWAYS be looking for ways to serve shareholder value. I woudl not feel badly that they did not restate this obvious point in reply to your message. They cannot say something to a given email that is not widely known.
Oil prices look bad. The outlook right now for the whole sector is bad. But things change pretty quickly. COQ seems better situated than other companies to ride this out and become successful.
Shutting in or releasing wells from production leaves gas in the ground that COQ can get to for low cost.