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Rooster Energy PRBEQ

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."


GREY:PRBEQ - Post by User

Comment by Burnermanon Jan 10, 2016 6:07am
124 Views
Post# 24444250

RE:Crude oil industry is not out of wood yet.....

RE:Crude oil industry is not out of wood yet.....The big question is can Rooster survive the storm. With lower oil prices comes more oil company bankruptcies. These wells will need to be shut down. Does Rooster have a few banks in there back pocket to possibly get these contracts?  Does the well services side generate enough revenue to keep the company afloat until oil turns around?  With no updates from the company it is difficult to say it's time to jump in or add at 3 cents. Even though Mr Morrison holds the majority of shares there is still other shareholders that have barely anything. A purchase from them could go a long way to letting us ( individuals with considerable amount of shares, not the person or persons that are thinking it's funny to drop the price on 3000 shares ) know that everything with the company is stable.     GLTA 
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