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Bullboard - Stock Discussion Forum Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Shoal Point Energy Ltd. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. The Company’s projects include Humber Arm Allochthon. It has the rights to the exploration lands covering approximately 220,000 acres in the near offshore of the west coast of Newfoundland... see more

CSE:SHP - Post Discussion

Shoal Point Energy Ltd > Disappointed but I’m holding
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Post by barryt34 on Dec 17, 2020 11:51am

Disappointed but I’m holding

Imo the management team is fully to blame for this mistake. I accept it and I'm not upset but they should have been more aggressive with this play. They let the low oil prices mess with the business of the company. They better learn from the mistakes because there is a lot of money on the line fir a lot of people. It's life. We move on.
Comment by AisAmang on Dec 17, 2020 12:07pm
I'll be upset for you then. My interpretation is that they botched the well and have sat on the info for months. Let's see if this stock decides to do something irrational so I don't have to hug a lump of coal in the dark for Christmas.
Comment by barryt34 on Dec 17, 2020 12:12pm
We are all going to be hugging a lumb of coal for Xmas. We might see .10 cents by February.  Depending if they get another pp for .08 cents.  I will be adding if this goes under .05 cents 
Comment by uptowndog1 on Dec 17, 2020 3:05pm
Your so right Barry, there are different ways to drill a well, DON'T blame it on the mud, Spend some money and drill them underbalance, For you who don't understand Underbalance it's drill it with air, no need for mud, drilling mud has ruined more wells, it's just a cheaper way of drilling, and now you see the results
Comment by inspecthrgadget on Dec 18, 2020 10:35am
Youre so centred Barry. It' no wonder you do what you do for a living. I find you captivating. Please continue your journey to help others. God bless you Barry
Comment by barryt34 on Dec 18, 2020 11:38am
What do I do for a living?  I'm a welder.  Please don't be so extreme, it's kinda weird.  Even if you are being sarcastic 
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