GREY:BNKPF - Post by User
Comment by
BrokerGon Jul 11, 2018 10:29am
71 Views
Post# 28299249
RE:RE:RE:RE:This explains the selloff and the weak trading
RE:RE:RE:RE:This explains the selloff and the weak tradingI have not sold as of yet, either. I fully understand that certain wells may produce at different levels and some may not pan out. That is great strategy and premise for someone like Exxon but not a micro-cap with no CASH.
They do not have that luxury. Each well must have a extremely high probabiity of being successful or you do not drill at that location. Their Brock and Glen wells are producing. A better strategy is build on those areas and eventually, when they have proper funding and higher levels of cash flow, they can take a flyer, like on WLC 14.
The next big question,is when will they issue their Preferreds? Has that been shelved with the dud at WLC or delayed? I guess we wait to find out.
I am still with you Himmler, just pissed some insiders knew the results before anyone else.