Razor Energy Corp V.RZE.H

Alternate Symbol(s): RZREF | V.RZE.WT.H

Energy Oil & Gas E&P

Razor Energy Corp. is a Canada-based junior oil and gas development and production company, focused on acquiring, enhancing and producing oil and gas from properties primarily in Alberta. The Company produces primarily light oil, natural gas, and natural gas liquids (NGL) in Alberta. Its operations include Swan Hills/Kaybob Region and Southern Alberta Region. The Company's production and development are focused on light oil in Swan Hills Beaverhill Lake and Kaybob Triassic Montney formations. Its production and development are focused on medium gravity oil in the Glauconite formation and natural gas in the Mannville Group. The Company produces various grades of oil, including Swan Hills Sweet/Mixed Sweet Blend (MSW), Peace Sour/Medium Sour Blend (MSB) and Bow River South/Western Canadian Select (WCS). Its Swan Hills/Kaybob Region has over 250,600 (174,100 net) acres of land held by production. Its Southern Alberta Region has around 78,200 (49,600 net) acres of land held by production.

TSXV:RZE.H - Post by User

Razor Energy Corp

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Post by smarmyon Sep 12, 2017 3:56pm

217 Views

Post# 26686664

yikes!

Most of this management team have been involved with numerous failures...and no - they haven't been one of the top gainers ytd - anywhere. They bought assets that no one else wanted, and the reason the metrics looked inexpensive is because of netbacks (extremely low), abandonment liabilities (very high) and lack of up-side.

Why AIMCO dropped money into this company is beyond me - they can service their debt, I guess - but they are going to have immense difficulty adding real value in this area.

There's a lot of double-xl ego and small-sized ability at this one, in my opinion.

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