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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

GREY:AVNDF - Post Discussion

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Post by thomas35 on Mar 30, 2012 9:25am

2% NG?

What shocks me is everyone thinking natural gas is 2% of revenue. Even after I posted the 3rd quater results which indicates it is 20% of total revenue. I guess Bruce Campbell doesn't understand financial reports either. Wow, and he is called an expert! LOL. When you contradict someone you should be sure you are correct. As I said, 4th quater results due Mar. 29. Why would someone insist on it being Mar. 30?

Sorry if I have slighted anyone but I had to get it off my chest! I guess we will be losing $1.00 in share price this morning.

Comment by Al42 on Mar 30, 2012 9:29am
Yup, you were right. Sorry about that. my source said the 30th and was wrong.
Comment by thomas35 on Mar 30, 2012 9:45am
Hey A142, No problem and thank you for your post..
Comment by themangokid on Mar 30, 2012 9:52am
yeah, a 2% weighting in nat.gas would have to mean nat.gas revenue had already tanked or oil production hit the moon.  If we can see it here I'm surprised BC was talking like the dividend was bulletproof.  Unless BC had another meeting with avenex to straighten out the misunderstanding(?) I wouldn't be surprised if he was selling some of his position today.   Anyway ...more  
Comment by pjn0987654321 on Mar 31, 2012 9:23am
"I guess we will be losing $1.00 in share price this morning." - thomas35   You were right.  It took the day, rather than the morning, but still, good call.  You were also right about the revenue, and right about the date of the news release.  Have to add you to my favourites! 
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