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Rooster Energy PRBEQ

Energy
"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

Rooster Energy > wrong, biggie
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Comment by Burnermanon Mar 15, 2016 6:23am
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Post# 24658634

RE:RE:RE:wrong, biggie

RE:RE:RE:wrong, biggieI too was thrown by the last paragraph. The rest of the release talks about restructuring the financing and how the backlog of work and new opportunities are helping the company through the tough times. Why did they even put the last paragraph in?  It's like they want the stock price to stay low on purpose! If the company has the backlog of work they say they have plus with oil prices recovering it would not make any sense for the people holding the liens to not refinance them.  If they shut them down they are lucky to get .10 cents on the dollar. As I see it , and I hope for all of us that I'm right, refinancing won't be a problem as long as they didn't default on any payments, oil recovers to over $50 a barrel and their back log of work continues to grow. I'm stumped though as to why they put that last paragraph in.  Thoughts anyone?        GLTA
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