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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

Comment by spacegimpon Aug 16, 2017 3:36pm
156 Views
Post# 26589047

RE:RE:RE:Cona

RE:RE:RE:ConaI think they should have only cut divy in half , then put remaining to debt and a bit of growth . Basically they are curling up in a ball   as  the market is getting poised to rebound   , great strategy if oil remains very low for 3 or 4 years  but i doubt we have more than 1 year left of this ultra low price environment .   Also i really liked the ceo that is  getting ready to leave , he is the guy that built this amazing low decline set up .  So i am still holding  a lot here because  Cona is very safe but have moved some into other   producers  that will be more ready to takr advantage of a rising market .
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