RE:RE:RE:RE:RE:RE:RE:RE:Insider support shows much promise with WCE's propertyNot only infrastructure, they got a factory to process the oil themselves with room for more production! I don't know if you included that in the infrastructure. And yes, currently oil prices are not processed in the stock price, including the actual low production cost of average 35 netback costs including workovers (2017-2020) and 30 without workovers!
Roddiggiti wrote: I was told that there's $5 million just in infrastructure value on the property, nevermind the roughly half million barrels of oil. The value of this asset has not yet been fully recognized, but I think that's about to change.
bdeparde wrote: I have 520,000 shares at a price of 5.85 cents. That works for me. But isn't their oil battery worth around 6 million on its own? A lot of assets here but I struggle to know the true worth...
YouSellandIBuy wrote:
bdeparde wrote: Surge and dark warrior resources only two drilling near provost, I was always hoping for surge to buy the asset out.
Roddiggiti wrote: Company told my associate that there's a few options, but the best path forward in terms of really increasing production is drilling a couple conventional wells. High chance of success given the enormous amount of data from that field and cost vs production possible looks good. Their 25 wells(including the workovers being done now) provides a solid base and then a new catalyst, whatever it is, should really give the stock some momentum. With 35.4 million shares now, it's still tightly held by management and friends/family. So that group must be quite confident that this field will offer some great upside potential one way or another.
Very good opportunity with light oil and wescans low cost of production. This could be bought out still because the asset has longevity in the pool and can be expanded to a larger resource. Strong buy sub 10 cents.