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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

Post by westcoast1000on Aug 11, 2016 4:17pm
97 Views
Post# 25132714

Larger volume

Larger volumeVolume has been increasing since the financing deal was announced. Today was 91K but in the past several days we have had 100K trade and some other pretty high volume days.

That shows there are people interested. in this stock. 

Note that under 30 million shares are held by retail investors. The rest are all in the hands of the board chair and officers. 

I agree that the last quarter results may even show a profit, and expanded assets, depending on how they handle the restatement of assets removed in the first quartter due to super low oil prices.

The fact they hedged halg their gas production, and will be making money in remediation and removal and that they can produce gas from those sites also should help the bottom lines.
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