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Traverse Energy Ltd TVETF

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

Comment by mike49on Apr 06, 2018 1:13pm
104 Views
Post# 27843824

RE:RE:Year end is out

RE:RE:Year end is outI was hoping tvl would flesh out guidance a little more but communication has never been the strong suit.otherwise about what I expected.
surprised a bit that the bank line got bumped when it did tho.someone likes the story even if it's not laid out to the rest of us.
share price?from .43,say a nickel was pure spec,a nickel each for investor sentiment re wcsb and market sell off,another nickle on dud in the duve.
aside from a couple of large crosses,trading volume has been low.you might see .15 here yet before it gets better.
2 real craappy metrics,I know,but book value is roughly .30 per share (so discount accordingly) and cost per flowing barrel is around 37k(rich).
By summer I will be back in but it won't be for the above.
Good fortunes
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