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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 > ongoing story
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Comment by snootchybootchyon Sep 01, 2016 12:54pm
84 Views
Post# 25199834

RE:RE:RE:RE:ongoing story

RE:RE:RE:RE:ongoing storyIt looks like natural gas now contributes over 50% of their revenues from production and the realized prices for natural gas for Q3 will increase by at least 30%.  Assuming prices firm up here until the rest of the year (or even move up as we move towards peak consumption season), it should mean an extra $1M in revenues during the second half of the year, with most of it falling to the bottom line.  That should also help us stave off the lenders.

Things are getting more positive I think but we've still lost a full cent in share price over the last week or so.
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