Yepper... good stuff.. good points!!
As we've been stating, this is a company that got beat up in the industry downturn and is working diligently to rectify the situation by managing its assets and working to bring them back online in a revenue producing status. Also paying fines, getting current on filings, working with regulators as a whole, expanding their footprint in an extremely hot production area, bringing in more brain power and assets to the company with the other company purchase, etc..
When oil prices are down, there is no money to operate, much less stay compliant. Definitely not the only company out there with compliance concerns to manage, but manage them they are!! I get that some want to point to the past and harp on compliance and production issues, plugged wells, etc.. that happens when you're not making any money and simply trying to exist... the situation has changed, new money, new technology, a super hot zone, more brain power, and on and on. The focus should be on what is being done to correct the compliance issues, increase production, diversify the business and the positive direction things are headed.
Could be HUGE!
Definitely an opportunity to make money no matter what, I know I have already. Go CEGX!!!
AI
