Monday, June 06, 2022 8:19:38 PM
They're implementing a roll-up strategy this year, reworking old oil wells to generate consistent cash flow. Go look at their PR from May 3/2022 if you want to see how many of these they have on the go right now.
Then when it comes to the WRB they just announced (that same PR) they acquired an additional 1,960 acres of State leases -- and they hope to expedite a drilling permit on state land while the federal permits are pending.
"Anything they do say has been terrible" how hyperbolic can you be.
Will their strategy work? Who knows. But this current stock price reflects the dismal outlook they were facing mid-last year. Their recent progress hasn't been reflected back in stock price yet IMO. Take what the host of the Stock Day podcast said in March... "one of the most grossly undervalued stocks in the OTC"
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