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Bullboard - Stock Discussion Forum Nexera Energy Inc V.NGY

Alternate Symbol(s):  EMBYF

Nexera Energy Inc. is a Canada-based energy company with oil producing properties in Southwest Texas. The Company is engaged in the exploration for and development of petroleum and natural gas properties, principally in Alberta, Canada and Texas, USA. The Company is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. The Lavernia project is located in Wilson and... see more

TSXV:NGY - Post Discussion

Nexera Energy Inc > Rollback fiasco
View:
Post by Notmyfirstrodeo on Feb 19, 2021 12:53pm

Rollback fiasco

The rollback was another genius play by the amazing management of this company. Covid was going and oil prices were going down yet they went ahead with the rollback anyway. Of course the SP went up temporarily and then it went even lower than before the rollback. I always talk about them spending a lot of time in the bar and staying drunk on cheap tequila and that's obviously where they were or they would have put the rollback on hold. Another example of not caring about shareholders but I'm sure it served the company's  purposes. At least most people posting on this board realize how this company operates and I would advocate a mass sell off but for some reason management wants to keep the SP down. They have an excuse now to do nothing and stay silent for a long time and I'm sure the SP will lose all or most of what it has gained.
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