Angle Energy Inc ANGZF

I'm neuteral on this company BUT

[CravenRaven101]

with an equity financing just announced (flow through no less), debt approaching "maxxed out" AND EnCana's white flag on increasing their production guidance... does not bode well for  smaller gas weighted E&P's... I applaude Management's attempt to turn this ship leeward to Oil & Gas... I guess the  Spring will tell the tale... it IS my opinion that "leveraged" (in debt up to the ol' eyeballs) Gas weighted companies will be fading into the sunset next spring and that the oilier liquids rich companies will be scooping assets for bargain basement prices...

JUST my opinion... git yer own :o)

[buylower]

Angle has spent a large amount of money this year via debt and equity financing. As the saying goes, you need to spend money to make money. The question is did Angle get value added for the money. IMHO, they scooped assets at bargain basement prices that will continue this company's growth exponentially (oil and NGL). Time will tell. Drilling results soon. I can't see gas prices going much