New coverage starting? From the hydracapital blog.
The [img]https://[/img]easter egg of today’s note is Tuktu Resources (TUK.V, last at $0.095). This is a microcap speculation on a potential new oil play in Alberta that is still very, very early days. An initial single frack and swab test showed encouraging results but a 30-day IP rate and some discussion of reservoir/pressure performance is needed. I mention it here as a total rank speculation, but for a dime, what else do you expect to get? The share structure isn’t great with a lot of 5-cent stock and 7.5-cent warrants out there, but if the play is a success, I think this could multi-bag. I will qualify that by also saying that I’m a fan of saying, “The most I can lose is 100%”, so keep that in mind because this could still go either way at this point