Member Info for belgrano

good luck with your future investments marketmakers, at least we know our seller has finished.

One of the best announcements we have ever had from Brad. Showing that costs have been pared down and will be further reduced. Also taking good steps to weather the current storm over crude price, on which we have seen the first signs of serious cutbacks, redundancies, and reducing crude production from many other oil companies. For me the main issue is survivability, and Brad is showing true grit in the face of this crisis. The shareprice is rock btm representing a potential multi bagger and bargain investment for those with a view to the longer term. We certainly aren't out of the woods by a long way, but out of many oil company's this one looks like a surviver, even hinting at bargain priced assets to snap up.

Glad we agree on costs, we both have similar figs. Also agree on potential multibagger if oil price returns. However I do not think this stock will be available to buy as soon as clear signs are seen that an oil price recovery is in the offing. I base this on two reasons, firstly the greedy mm's will open up the price higher as investors scramble to buy, and also the amount in free float is becoming limited so prices will rise much faster, as was seen earlier last year. We know the institutions are still backing the company and a fair amount of stock has passed into a few private holders of which i count myself one, and we are not selling. In fact the opposite for me is actually the case, so if folk are panicked and want to offload fine, just please don't ask for them back?

Signs are starting to show that the price is having effects on curbing production. http://www.reuters.com/article/2015/01/21/us-markets-oil-idUSKBN0KU03F20150121

hi bdgm, just to clarify that's not $35 profit per barrel, thats the cost price to us..IE if WTI price is $38, we make just $3 per barrel. It's a matter of survival, with all costs pared to a min. Overall point is we can keep operating for a good while at current prices, which I hope wont last forever.

Hi bdgm, I think this is one of the reasons the stock has been hammered down, the recognition that EDGE is well run, cash prudent company and one of the lowest cost producers in Canada has been overlooked. All the Canadian Oilers have been tarred with the same brush. Edge has a current operating profit at the wellhead close to US $35 a barrel, thats for wells already drilled and sunk. This will be reduced further when the water injection/treatment facilities become fully operational. yes interest on low percentage loans will grow, however the are well underdrawn on their credit lines, which will stand them in good stead in these difficult times. Clearly we dont know what future prices will do for this finite resource, and with the Russian economy also struggling and well as looming downturn in USA crude production with associated job losses, it would take very little indeed for the situation to be completely reversed overnight. Edge will be able to last a fair amount of time during this difficult period, much more than many other Canadian oilers, that's why I'm prepared to keep investing my hard earned in here. All the best, whatever your decisions are.

This stock is currently in limbo. Oh to have a crystal ball of the future of the oil price. The good news is that edge can still make good profit from producing wells..although $50 a barrel would be better. With many having sold current price is an absolute bargain, if we knew when the recovery would be.. certainly with an upturn a brave investor here could make a packet. Or if price stays low or drops to the floor and stays there lose the lot. However many Opec members are feeling massive financial pain, and cutbacks within the oil industry have been well published, so Saudie could claim a victory by increasing price when they next meet. I wont advise anyone what to do, however I am still buying steadily with money I dont want to, but could afford to lose.

we all have much higher averages so I sympathize Manosdepiedra. The good news is that Brad is very conservative with cash (and information), and that we have been smeared down in price, when the % drop that we have experienced is not fully justified as we are one of the lowest cost producers. Think we both know what to do when this opportunity happens.

many of the oilers are seeing a tick up, as the oil prices rises slightly, think we'll see it here soon, could certainly do with it. from todays price certainly a good investment with the potential to multibag, if and its a big if, the oil price gets resolved and firms up higher.

I also have sent a new years message to Brad, with a few polite suggestions of what I'd like to see in the new year. I feel sorry that some shareholders here have offloaded at a loss however we all must make our own decisions. I would like to see some more about our water treatment facilities, and how we can actually increase oil production as a result. This has not been given the publicity it deserves.

yes they posted the same notice nearly every other month last year, just gives them the ability to sell if they wanted too, just like we have today. just exercising their "notice to sell rights".

I'd like to wish all edge holders a happy christmas and hopefully a better new year. With us all concentrating on the overriding crude price its easy to forget the current drive of this company. The facilities will be installed in jan, and the short term aim is to drive costs down further (edge is profitable above $50 a barrel on WTI currently). short term saving are in the region of $3 a barrel, however the overall aim is to crank up crude production from our existing wells which has been pegged back due water ingresion. This is a win win that will drive down our costs further, as many expenses remain the same, regardless of throughput and will stand us in good stead when the market recovers which it must, as many producers are producing at a loss and drilling charges must also be plummeting now as well.

I certainly don't know what the future holds, however I do know that one oil major is buying lots of oil contracts at the current prices and procuring worldwide tankage storage for it. They feel that the current lows will be short lived and are taking full advantage. we are talking very big numbers here.

got to confess, I did have some more.. just couldn't leave it, if someone wants to give away their stock almost rude not to accept..just dont ask for it back?? certainly not naive enough to think problems are over, however edge is still oversold in my humble opinion.

Investors have watched the shareprice on edge fall, not wanting to try and catch the falling knife, but not knowing when oil stocks in general may see some respite from the plunge in value and price. As a result many including edge have become oversold, with all those investors and speculators investing with borrowed cash and T20 type trades generally closing positions on many oilers. The bounce has now happened (at least for now), with many investors scrambling to get back in at much lower prices, this is happening today across multiple oil stocks.

edge is profitable at $50 and over on WTI prices, so we are still holding our own , unlike many more expensive producers.

just letting you know that with WTI at $59.95, edge is still in profit on oil and gas. Clearly we dont know how much further things will go, but more expensive producers are already trimming back hard. We are in the black down to $50 a barrel on WTI. I have that information on good authority. the opec producers are all loosing big time at current prices, with many needing $80 just to balance the books, so the pain increases with every passing day.

60% of OPEC countries are really struggling, in a few months there will be plenty of behind the scenes talks. Saudi just wants to make a point, and see investment put on hold..which we can see is happening. Good money to be made buying in at the lows ready for the inevitable rebound. When this happens stocks will really fly. I continue to steadily acquire at bargain prices.

the trades today are buys

Clearly recovering from an oversold position. Market also digesting the news that the water treatment system that should be almost operational by end jan, is just the first phase. Gives us breathing time to let crude prices steady, so more informed decisionscan be acted on. Still easily able to drill in the early spring..knowing brad, he'll also grab the opportunity to drive down drilling costs as other oilers also shelvd drilling plans. The differencebeing edge is almost the lowest cost producer and with water treatmentmay make number 1.