Traverse Energy Ltd TVETF

Energy Oil & Gas E&P

Traverse Energy Ltd is a Canada-based company. The Company is engaged in oil and gas exploration, development and production activities. It conducts its operations in the province of Alberta. The Company’s assets are located in the Carbon, Turin and Greater Coyote areas of Alberta as well as in the Duvernay land base located in the Buffalo Lake, Chigwell and Pigeon Lake areas of Alberta. The Greater Coyote area includes properties in the Chain Lakes, Coyote, Hanna, Michichi, and Watts areas of Alberta.

GREY:TVETF - Post by User

Traverse Energy Ltd > East Duvernay: TVL, Vesta, Artis, RRX, CPG and more

<< Previous

Bullboard Posts

Next >>

Comment by mike49on Apr 06, 2018 12:57pm

115 Views

Post# 27843711

RE:East Duvernay: TVL, Vesta, Artis, RRX, CPG and more

There won't be a sale or a farm-out if they don't come clean on what happened.
bad ground?
bad frac?
worth another try?
I had my reservations after rrx results and the use of 'pilot(1964!) holes' but no matter.
New plays and everyone needs to learn and hey,maybe get lucky.
If inplay scores on their duve well then the confidence level goes up and tvls' first well could be wrote off as a rookie play.rrx seems like they are willing to risk a minimum 5 well learning curve-the successful privatecos are in deeper than that.
See who buys the stock next couple of months(the boss,buy back).probably best indicator of what's next.
Wouldn't surprise me to see this go private.
Btw stockfy,probably 4-5 mil into the bank line.
working capital deficit and all that.
Cheers

<< Previous

Bullboard Posts

Next >>

The top TSX healthcare stocks under $1