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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 hyperionxon May 30, 2019 8:49pm
105 Views
Post# 29787167

RE:RE:RE:comparables

RE:RE:RE:comparablesThe mini cap oil & ng space,, have been facing wave after wave of problems: mainly provincial and federal anti oil & ng sentiments, Quebec rejecting western oil pipeline developement, pipeline capacity restrictions then curtailment, we are now faced with an American escalating trade war with China ...dragging Canada into the mess ..starting with the detainment of the Huawei exec. Through all just being said ..very recently Cnrl purchased Devons Canadian assets as many were thinking could happen. We also seen as of recent Warren Buffett taking a modest position in Suncor. I maintain that oil and gas is a crucial component in future markets, but Canadian mid and small caps have been beaten with a baseball bat six ways from Sunday and it seems that the big oil companies may like it... and the americans like it. I do not know if traverse would get fair market value for either of their properties on a sale or royalty. Can they survive?
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