GREY:BXEFF - Post by User
Comment by
EstevanOutsideron Mar 29, 2019 7:35pm
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Post# 29557009
RE:RE:Richie guy, who is the moron now? You called me that, right
RE:RE:Richie guy, who is the moron now? You called me that, rightI went heavy into Cequence Energy and don't regret my decision.
Here are a few reasons why CQE is a good pick:
- some of the top oily wells in Alberta drilled in 2018 (Dunvegan)
- debt free equity raise which produced two more oily Dunvegan wells
- 400 bbl of oil hedged at $80 and $89 for 2019 (200 and 200)
- Dawn gas contract established in April 2018 to sell 35% of production
- Co-ownership with Keyera in gas processing facility
- Some Montney land
- Debt bought by consortium
- Warrants for $2
- Interest reduced nearly 50% to 5%
- Prime takeover candidate.
You can bash Cequence all you want day trader, kavern, the company will be trading at $3 or bought out for around that level within a couple years.