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Bullboard - Stock Discussion Forum Rooster Energy PRBEQ

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."

GREY:PRBEQ - Post Discussion

Rooster Energy > Volume!
View:
Post by westcoast1000 on Apr 13, 2016 2:56am

Volume!

With 1.7 million shares trading hands, it shows there is strong domant interest in Rooster. That is roughly 2 % of the total shares outside the hands of Morrison and other insiders. This is a very encouraging sign. 



There could have been some insiders buying there. We will have to wait for the insider reporting.
Comment by Sheperd on Apr 13, 2016 9:10am
I still dont understand the last SP drop, I just went thru last Q results, and Rooster managed to do a small profit when all other oil co were doing big lost.  Also they got a waiver from creditor to make a 4M profit by selling derivative contract, basically at the bottom of the market, so anywhere over that they are in the money while selling real production... In the worst case scenario NPV ...more  
Comment by westcoast1000 on Apr 13, 2016 11:48am
Good to see you back, Sheperd. I agree with you entirely. We have a money amking oil company that had enough sense to sell its hedges and redo the agreement at a somewhat higher interest rate, after getting a big interest break from March to end of June. These are capable people running the company. They just do not say anything. Volume today = 0. Yesterday somebody wanted to buy a lot of ...more  
Comment by westcoast1000 on Apr 14, 2016 10:18am
Big volume again on April 14, with 617 K in the first 45 minutes of trading. This will be another big volume day. Yet the price is back to .02 . Why do people want to sell so badly, at a loss or zero gain? 
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