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

Coelacanth Energy Inc. V.CEI

Alternate Symbol(s):  CEIEF

Coelacanth Energy Inc. is a Montney-focused oil and natural gas exploration and development company, with lands located in the Two Rivers area of northeastern British Columbia. Coelacanth owns approximately 140 (net) sections of Montney acreage in the Two Rivers and surrounding area and has identified 8.9 billion bbls of Original Oil in Place (OOIP) and 8.6 tcf of Original Gas in Place across these lands.


TSXV:CEI - Post by User

Bullboard Posts
Post by fergus2on Apr 05, 2017 9:22pm
110 Views
Post# 26083508

Looking specifically at the bought deal

Looking specifically at the bought deal
Well the boundaries would seem to be the difference between the 2.25 bought deal and the closing price of $2.41. It points up the obvious fact that there isn’t a whole lot of difference between an old shareholder and a new one. And for the quantity of money being invested, it was the lowest price the new investors could obtain. The company can’t run on fumes and so a raise was to be expected. In no way does it change the prospectivity of their land but rather it creates a scenario where those properties can be further delineated. If the management had to crawl for the money the price of the bought deal would have been much lower, but that’s not the case. We all knew that if the LXE properties lived up to their promise, new financing would be needed. So here we are. Nor has management asked for more or less than what they think they need going forward in the near term. You call that prudence; just another earmark of the LXE team and it commands considerable respect from the investor. I have just a little under 25,000 shares and I’m going to let it ride. GLTA!   
Bullboard Posts