Post by
mtsuit on Feb 18, 2011 10:33am
Likely to raise money soon
Assets and cash flow are good.
But debt is relatively high.
And insider ownership is relatively low.
Plenty of energy producers have sold shares or convertibles in the past month. Money is available and management must be tempted to cash up after a rally in their shares.
Best case for current s/h would be an asset sale like FEL.