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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 > Venting!
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Comment by westcoast1000on Sep 09, 2016 11:34am
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Post# 25222056

RE:Venting!

RE:Venting!Burner,

The going concern statement is a pro forma legal requirement for a company in this situation. It's a fact: if they cannot renegotiate their debt, they are in default. That is not really news.

They could also go bankrupt WITHOUT making such a statement.

But most likely they will do OK keeping things going at current oil prices. 

At $55 US per barrel, I would expect the share price to be higher that .10
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