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FORENT ENERGY LTD. V.FEN

"Forent Energy Ltd is an oil and gas exploration, development and production company with mineral rights holdings, reserves, and production in Alberta, Canada. The company does a production of oil reserves through development drilling on three core properties in south-central Alberta; Twining, Provost, and Wayne. The majority of Forent’s production is generated from these properties. The firm generates the majority of its revenue from Oil sales."


TSXV:FEN - Post by User

Comment by BayStreetVicon Feb 04, 2016 5:26pm
101 Views
Post# 24526024

RE:Gratitude

RE:GratitudeIt's difficult to assess this deal with the partly information they have provided. Good or Bad, it's really impossible to say. However, I've done some light reading on our "potential" business partner and I will say this, these people wouldn't know a pool of Oil if they fell in it. Based on published financials, a poorly managed business entity with zero skin in the game. Probably some rich Chinese guy's flip. No experience in the Oil and Gas business save Wayne (what have you done lately) Rousch. I'm extremely disappointed they did not find a local company to which do a merger with. A proven group of professionals with more experience was at least a minimum expectation. This (potential) deal reeks of desperation and apparently, the market agrees.
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