Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Olive777oilon Oct 22, 2016 8:01pm
146 Views
Post# 25374885

the company looks safer

the company looks saferThis week crude oil and natural gas reached each a new 52-week high. At those more acceptable prices the company is not even talking about the possibility of selling any asset in order to decrease the debt. So it tells me once again that the financial situation of this company is certainly under control. The big decommissioning contract of 22 millions $ is probably saving the company. After having survived so many months at very low prices I don't see any reason why the lender would not trust the company anymore now. Especially that the company must be one of their very good clients in paying a such high interest. The company seems to have a very good reputation in the decommissioning field. At last now I can see the light at the end of the Rooster's tunnel. Rooster might be getting ready to fly soon,who knows? It is just my reflexion, don't follow me because my wife said that I am often wrong. Do you also see any light?
<< Previous
Bullboard Posts
Next >>