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CONA RESOURCES LTD T.CONA

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

Post by spacegimpon Aug 04, 2017 8:18pm
250 Views
Post# 26550176

lowest decline rate

lowest decline rate and low operating costs  ,  they will have plenty of cashflow to steadily pay off credit facility  ...perhaps the new owners have expansion plans and just need 6-12  months to get a good feel for the operation and also wait a bit for a healthy price of oil   , I am not worried about this company because the  current management team is excellent and sharp as a tack just listen to conference call if you have any doubts
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