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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 > AGM
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Comment by Burnermanon Dec 17, 2016 5:14am
78 Views
Post# 25613923

RE:RE:RE:RE:RE:RE:RE:RE:RE:AGM

RE:RE:RE:RE:RE:RE:RE:RE:RE:AGMBankruptcy creates a lot of issues and paperwork for the security holders. At the end they only get pennys on the dollar. The security holders know that oil is at a turning point and will be going up in the new year when reductions from OPEC come into play. This will increase revenue for COQ. Extending the waiver for 6 months, in my opinion, would be a smarter approach. This will give the company time to stabilize and concentrate on paying down debt. Let's hope the new financial consultant can come up with a reasonable plan.         GLTA
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