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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 > NAV/share C$0.14 (1P, Zero for land), Advisor for Duvernay
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Comment by mike49on Apr 13, 2019 11:08am
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Post# 29622743

RE:RE:RE:RE:NAV/share C$0.14 (1P, Zero for land), Advisor for Duvernay

RE:RE:RE:RE:NAV/share C$0.14 (1P, Zero for land), Advisor for DuvernayWell, can't see anyone buying a note. Debs just bring their own dilution problems.
on the face of it, a flo thru (dependent on what is available with existing properties outside of duve)
might be the best option-painfull as it is. If it happens I hope it is thru a rights offering- remember mngt alone owns roughly 30%.
I think atb will stay supportive but #s are #s and they are going to want a solid plan moving forward.
thing is, tvl didn't end up in this pickle overnight, regardless if they say they recently engaged an advisor for a land sale/deal. I have to think that there has been something worked on for awhile but to be fair, maybe not successfully. That ats action didn't happen on a whim.
I'm not worried.
eventually....
Enjoy the spring
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