Current situation Hey all ... as many of you have stated just when you think things are moving along....sh$t happens Who couldve foreseen any of this
I am pleased to see both Nic and Kevin buying it shows support in these trying times. Some of you think that isnt enough but give it a chance this is moving in the right direction in terms of mgmt support
in terms of the industry as a whole there are many unkowns and many changes that will have to work themselves through the sys
As the world moves away from hyrocarbons demand will continue to fall . The current price war / covid driven over supply will linger for a while.
EWs balance sheet is clean, and flush with cash. The balance sheet will continue to look better as NZ is finalized. The oil and gas prospects in Romania are promising but are yet a ways off, and only further delayed with CoVid measures. Then there are all the complications of operating in a foreign coutry with a huge partner who doesnt really have the time of day for you
some of you have been on board here for years and i know you are hurting. Im not sure that you will ever see the share prolice at the heights it once was. During that time you have missed many opportunities. I know some of you wish you had sold long ago. New investors in at these levels are in a good position the stock is trading at less than cash on hand .
I for one have reevaluated my expectations here and have come to the conclusion that the best path forward for the company would be to find a buyer for those assets and then hold the cash and see what shareholders want to do ... pay a dividend or wait for an opportunity
Deciding what Romania is worth at this point is probably the most challenging of the issues before the company ... there are many factors to consider but it may all come down to taking advantage of an opportunity that may arise ... a bird in the hand is better than two in the bush
what are everyone's thoughts?