Post by
ResourcefulGuy on Dec 05, 2019 1:20pm
reclamation costs hold it back
making it really almost worthless... but ??? the value couild be here.
$60 mill at least in well rehabs costs if given over thru bankruptcy... so many inactive well bores. hell that is $3 a share!!! that is scary. guess you could argue down to $1.50 in present discounted value... still... scary.
other then that is can sell easy.
small float and little debt... clean listing for sure. everything else is sold, just the chemical flood down south and the Dakota sliver.. down more south
1000 bpd low decline old wells... stable... high cost.. tradin at $40 mill...??? cause of ??? that reclamation that the Redwater decision in court means companies can no longer float on these obligations and zargon has been bad.
could make money but you may actually lose it all... so I got better plays for my money
so... if ya want to invest with me... like and follow me...lol
last year UP OVER 50% on my plays...