Canadian gas and oil prices are rising even faster now with the latest Russian crises. We were seeing very good gains even before this happened. http://business.financialpost.com/2014/01/08/as-canadian-heavy-crude-prices-strengthen-oil-industry-poised-for-more-profits/?__lsa=01c9-7ec1 By my fag packet calculations this company is now in cash positive territory, even Brad says and this is before the latest spike. "strong cash flow that will simultaneously reduce debt and build up a cash resource". By the buys today I recon some other folks have also come to that same conclusion, and what an attractive entry price to boot.
Clearly looks like someone is taking a serious position, some very strong buys coming in.
RE: re sounds good.
Thanks Belgrano Really appreciating...I had the same thoughts when I invested in.. and I was quite positive.. however this company is not good with handling information to investors.. and this thing really affects SP.. Brad is not so forthcoming with information and this is hurting SP..The SP would have not dropped so much if he has given this RNS a little bit early.. however when everyone was hoping to get some good news there he drop the bomb.. Anyway I am out for good and I am not sure if i want to come back.........
re sounds good.
Just to clarify mohsin99, yesterd we had buys coming on towards the end of the day, and the price started to respond slightly, today we have more sells than buys, so we may see a slight drop. In my opinion we are in oversold territory, I'm heartened by posters like yourself who have sold, but clearly are expressing interest in this stock for possible re-entry if the price drops any more. For me I think 6.30 a good entry price, although I know you would like a lower one. The last RNS, was truthful, but certainly not all bad. Looking forward at expected canadian crude pricing v wti spreads are forecast to be very good for us. I'm expecting this company to go cash positive very soon indeed, thats from today that is and not for the last 6 months. Certainly the difference is now very small indeed, but for me its the phycological effect of being cash positive.
RE: sounds good
Why their is a drop if their are good buys............ I am not sure what's going on with EDG
Some good buys going in at a cracking price of 6.3p to buy. Thats a great price to pay.
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