Monday, April 06, 2015 2:10:03 PM
Not familiar with BPZRQ, but the debt to asset ratio is positive, which is a good start. The typical death drop usually signifies the exit of institutional investment which is the key to the whole thing. If they bailed, it looks rough. Have they announced approval of a POR, interim financing? If not, those typically are good for a PR bounce.
I didn't see any mention of current equity in the Q announcement. A reference needs to be made at some point. Important not to let them confuse the issue with the old "stakeholder" dodge (as opposed to shareholder). Announcement of an equity committee would be a positive for current equity, especially if institutional investment bailed.
You're a pro with the Q's Iron Maiden, so I'm not telling you anything new LoL! I like the looks of these guys and they could be a good way to pick up a nice O+G play on the cheap, and if nothing else there should be volatility opportunities playing the bounces.
I didn't see any mention of current equity in the Q announcement. A reference needs to be made at some point. Important not to let them confuse the issue with the old "stakeholder" dodge (as opposed to shareholder). Announcement of an equity committee would be a positive for current equity, especially if institutional investment bailed.
You're a pro with the Q's Iron Maiden, so I'm not telling you anything new LoL! I like the looks of these guys and they could be a good way to pick up a nice O+G play on the cheap, and if nothing else there should be volatility opportunities playing the bounces.
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