RE:RE:RE:RE:RE:RE:RE:RE:RE:ITE
Well 97 a nerve has been struck I see, always fun to see someone from the company hop on to these boards in defense of a failed to date management team.
Failed yes
Roughly a 36% decline in share price over the past year. For you to state a roughly 8% dividend is still quite "tasty" is quite humorous when the only thing that achieves that percentage is again the fact of the share price decline from the low .30's to the low .20's. Will you boast of an unheard of 16% divvy return if the share price declines another .10?. Yes quite humorous indeed.
For those analysts who even bother to cover this stock the current rating is strong sell, how could that be for a company as you suggest has grown production by 20%+ in closer to 3 years now than 2 years you state? The numbers are paltry by comparisons to successfully built companies like an SDE as example in the same time frame.
Great land holdings but scattered at best, to many shares and a penny stock price to be taken seriously on a Canadian Stock Exchange, declining production from declining wells and no clear plan. I could go on with meaningless numbers versus financials but common sense sees my point.
Continued profit bleeder it appears re divvy's for those in control, I stand by my opinions of a right place at the right time. When does the real selloff begin?
Lastly I admit I have profited well since it's inception but only due to a buy and sell attitude to investing in this junior company run by juniors lol, nothing suggests this company is worth a long term inverstment strategy to date.
Come up with a better plan 97 so far this one from this team isn't working. Or maybe watch a strong management team as the newly formed Logan Energy (LGN) enjoys, watch how quickly they zoom by an ITE like they are standing still in the next 12-15 months. Yes watch and learn.........cheers.