WestFire Energy Ltd T.WFE

Oil up $4.00 were up .01 cent...MMMmmmm

[barneyj44]

[sparky6]

I smell a take over.  We are trading at cash value and this company has huge upside potential.  Only problem is management want to find elephants vs good cash flow, low volume wells.  Management would do better to look at bread and butter wells and grow production through the drill bit slowly and surely.  Stick to your knitting.spark

[aaaaaargh]

hey sparky, please explain your position with facts.   From what I see and read, they look like they will have drilled about 100 new wells by the end of 2011.   Are you upset because you want them to drill 102???  Some facts to back up your claims would be helpful.   thanks....

[Jfallenangel10]

I dont see a takeover in the cards...they just merged with Orion to fund there drilling program....these guys aren't an discovery company they have a huge proven resource to drill up and merged to reduce the time it takes to develop it....the oils there just got to get it out of the ground.The money has to flow into the sector - first to the large caps then mid and smaller --- when we move it

[Majormac79]

I think westfire is being managed quite well and has the drive and expertise to advance this company into the future. They are constantly expanding there wells and are forecasted to have vastly higher numbers in production in the near future. Sprott predicted this company to be a take over eventually but the report i watched invisioned it being taken at the 25$ area. Even so 

[Sparkletooth]

8500 on the Dow would take oil into the $40 range and would trash all of the oil stocks - that's not in the cards this time around - Europe will deal with its problems, probably with more maturity and resolve than the US displayed during the debt ceiling circus.WFE is undervalued relative to the other oils I've studied so I'm holding this for a double probably within 8 months