TSXV:ATR.P - Post by User
Post by
johndoe1on Apr 01, 2005 11:25am
81 Views
Post# 8846320
no clue
no clueI would like to set the record straight on a few things that I know. 1. The people that sold suffield to Anterra wanted shares instead of cash because they are aware of the upside that the disposal well there has. They are not going to sell their shares anywhere under $1.00.
2. With a 1B license, the suffield location can take frac fluid and should fill up their location everyday as there is not enough capacity in the area and the suffield location is right in the heart of the southeastern frac zone. They are only 20 minutes from Encana, they are right beside Petro Can and Imperial Oil. They have been approved by all these companies for waste disposal once they receive their 1b. Right now these companies have to truck right by the suffield location to go to Hays, Taber and Brooks, and who in their right mind would pay more to truck their fluid farther. The potential for that location is tremendous.
3. If you look on sedar, you can look up newalta and anadine and see how the principals from anterra built them up and sold them. They are in for the long haul, not a quick buck. They are good quality management and only add overhead ie new employees when needed. Their numbers for last year should beat their forecasts, but I don't expect great numbers until the 2nd or 3rd quarter this year. I have also heard that they will start promoting this company at oil symposiums etc. don't know if that is true, but if so they appear not to want to promote until there is a story to tell. Which I like.