GREY:PRBEQ - Post by User
Comment by
Burnermanon Apr 27, 2017 7:17am
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Post# 26172556
RE:news
RE:newsIn the Nov. 30 / 2016 third quarter report it states that they we able to generate a cash flow of 3.2 million of which 3 million was used to pay down debt. This was done when oil was hovering around $40. The oil price slowly climbed during forth quarter and during the first quarter it succeeded to reach just over $50. Fourth quarter results should produce a positive report with first quarter this year being even better. As long as there were no big Christmas bonuses and pay raises we should see a favorable release. Hope is what we have though until we see something concrete. GLTA