Post by
pennydredful on Mar 30, 2022 1:28pm
Research Capital have an updated report out
Rated as a speculative buy with .30 target. Bid deadline re assets for sale is in April . I wonder if they are offering junk or the crown jewels (if they have one?) . For a speculative buy one needs a bigger target than 10% IMO.
Comment by
filefish on Mar 30, 2022 2:08pm
Mackie report is from 10/26/21 when stock price was .21 The assets they are offering for sale according to the website are secondary locations to the core area of Michichi. Michichi core is their new focus area where they plan to waterflood and to drill more wells This is the location that Marquee was having good results until they ran out of money .
Comment by
Buyreallow on Mar 31, 2022 7:42am
The claim that the target was a 10% gain was incorrect. It was a 10 cent gain, orhad almost 50%. Also, oil is 25% higher now than it was in October and they actually had operating income in Q4 2021.