Post by
stoneycurtis on Oct 21, 2016 1:20pm
wow!
Quite the pop from these guys over the past couple of days. I guess Mr. Olson's appearance on BNN would be the only catalyst for that. However, when I posted last time and said their Q2 MD&A was laughable, I am still holding to it. I suspect there will be a lot of buyers remorse here. A CEO said exactly what you would have expected him to say in an interview - all positives. However, every single quarter they have released indicates negative cash flow. Add to that the incredible dilution with their last financing and I am not sold on this company. Have they really cut their costs so that they will be cash flow positive? Q3 will be out in about 4 or 5 weeks. I'll believe it when I see it, but to me, Mr. Olson's pitch yesterday was a used car salesmen pitch and not much more......I could be eating crow...but need to see results...Capex of $25 million last year that added not much production....that's not results folks....
Comment by
tarka55 on Oct 22, 2016 10:10am
They have great assets and have cut costs..they are going to have cash to drill i think this goes to 1.00 in a yr if oil hangs out around 55 bucks over the next yr sooner or later all the reductions should support oil prices im starting to think sooner.
Comment by
Summon3r on Oct 22, 2016 10:11pm
need to see some serious CAPEX and guidance to get above the tiny amounts (8-900boepd) of oil they have been pumping. ill be looking to future guidance before returning to this stock.