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bell345

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bell345

Re: None

Tuesday, 03/22/2016 8:51:58 AM

Tuesday, March 22, 2016 8:51:58 AM

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http://seekingalpha.com/article/3496196-east-west-petroleum-rolling-dice-low-cost-production

"Financially, the company is a rock, as shown on the first quarter financial statements filed August 31. It had C$8.7 million of working capital at the end of the first quarter (ended June 30). Of that, C$8.1 million was cash and it had no long-term debt outstanding. Therefore, the company can easily meet the budgeted expenditure for the year of C$2.8 million just from its cash balance. It is also in very good shape to weather an extended industry downturn with that cash balance."

All posts are In my opinion, and are not meant to harm or defame anyone, please do your own DD. Please click on my Favorite Links, Journey to the Edge of the Universe & tell me what you think.

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