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WesCan Energy Corp V.WCE

Alternate Symbol(s):  GPIPF

WesCan Energy Corp. is a Canada-based junior public resource company. The Company is engaged in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, United States of America. It is focused on exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and Saskatchewan. The Company’s assets are comprised of 100% operated, oil-weighted properties characterized by multi-zone oil reservoirs with low declines that include a number of low risk, multilateral horizontal development drilling locations. The Company focuses on pursuing and evaluating strategic acquisitions with synergistic characteristics of long-life producing assets and opportunities with low risk and upside potential.


TSXV:WCE - Post by User

Bullboard Posts
Comment by redford99on Oct 09, 2001 12:54pm
606 Views
Post# 4271296

RE: who is the stupid market maker for this stock

RE: who is the stupid market maker for this stockHello fellow shareholder, According to CDNX rules, until the RTO has been given final approval and the deal is closed (when PPI is listed as opposed to WCE), PPI and its people can do NOTHING in the way of market making, news dissemination, or proactive market support...it is illegal. As frustrating as this is....this is the way it is. Once the approval, change of business, change of name, etc. has been done and PPI has control of the Pubco vehicle, they will be permitted to disseminate news to the investment community and fully explain the project that they are undertaking. Until that is permitted, we are all involved in 'speculative' investment based on the best due diligence that we can do given the limited information available to us all. Once these things occur, we will all be in a rather enviable position as we ride the growth of this one. This period would be considered the 'calm before the storm', and the lack of conversation is likely due to all of us waiting for the other shoe to drop, and not an indication of a lack of interest. You; and most of the commentors here, seem like intelligent and experienced investors, with varying levels of risk aversion. This is the moment in the history of this stock where the risk is the most palatable. What I hear is this should be resolved soon, as all the elements are in place to finalize the transaction. All the delays have been procedural as this transaction is outside the parameters of most RTO's the CDNX ever sees...it is far more aggressive. Everything I hear in reference to this deal is positive and exciting, and based on these things I am going to hold on for the ride for all I am worth. Please share any thoughts or concerns you (that means everyone watching) may have, so we can promote a very useful, creative, and informative dialogue as we move forward from here. Always enjoy your 'razor sharp' perspective...please share more of your thoughts.
Bullboard Posts