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Nexera Energy Inc V.NGY

Alternate Symbol(s):  EMBYF

Nexera Energy Inc. is a Canada-based energy company with oil producing properties in Southwest Texas. The Company is engaged in the exploration for and development of petroleum and natural gas properties, principally in Alberta, Canada and Texas, USA. The Company is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. The Lavernia project is located in Wilson and Guadalupe Counties, Texas. The Wooden Horse has approximately four leases totaling over 500 acres in the Kingsbury field, which is located in Guadalupe County, Texas. The Stockdale Horizon project is located in Wilson County, Texas. It also owns 100% of Production Resources Inc. (PRI), a South Texas oil company. The PRI project is located in Atascosa, Bexar and Medina Counties, Texas. The Company also owns the DCRC Project, which is located in Duval County, Texas. It has approximately five leases totaling 896 acres in the Piedre Lumbre and Petrox-Government Wells fields.


TSXV:NGY - Post by User

Post by Notmyfirstrodeoon Mar 28, 2021 7:17pm
172 Views
Post# 32895922

Getting there

Getting there

The share price will soon be low enough for them to do something again. This is a cycle that has been repeated many times. Drill some wells, let the SP up a bit then not give any meaningful results for the work done as the SP drops again. They buy the majority if not all of every PP and in most cases this is a good thing but this management does not care about shareholders. The price of oil is up they have new wells that are supposedly producing oil, we don't know for sure because they won't tell us. The SP should be going up but the silence from the company and the halt in any kind of work continues to make it go down. We'll just have to wait and see if they can drag themselves way from their Mexican vacation long enough to accomplish something.  

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