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Canadian Spirit Resources Inc V.SPI

Alternate Symbol(s):  CSPUF

Canadian Spirit Resources Inc. is a Canada-based natural resource company. The Company is focused on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. The Montney is an oil and gas play in North America and has reservoirs in Western Canada. The Company's significant land base is strategically located along the pipeline infrastructure that delivers natural gas to the proposed liquefied natural gas (LNG) facilities on the West Coast of British Columbia. The Company is engaged in the exploration and production of natural gas in the Montney Formation of Northeast British Columbia.


TSXV:SPI - Post by User

Comment by squattopon Oct 04, 2020 5:04pm
260 Views
Post# 31664789

RE:RE:RE:the news...

RE:RE:RE:the news...Spoken like a true bag holder.
of course it's spis' fault. Previous mngt hosed this company.
there never was much more than skeg and moose with this property. Unless gas went to 14 a gig.. who would want it...especially at listing price (which was always too high so mngt could refuse an offer and still get paid to "persue opportunities ").
there is value here as a shell for rto or recap,especially with a large tax loss on the books but even the jv stuff is a liability.
Seems the new boss trying to rationalize something for the largest shareholder.suppose that all depends on what the pre-estate planning looks like.
hard slog but who knows
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