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420man

05/07/19 1:21 PM

#304 RE: kondziu #303

If you look at other shale play stocks you will see that they have all crashed hard if they were located across the US plains, because it ended up not producing as they thought it would....thus the financial hardships.

A cautionary tale for investors lured by promising wells in emerging shale basins across the U.S. Wall Street rushed to fund shale producers, helping them raise record levels of debt and equity over the last six years. But many have failed to generate returns, and new investment has dwindled. Shale companies raised about $23 billion last year, compared with $56 billion in equity and debt in 2016.
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cassarizona

05/07/19 1:46 PM

#306 RE: kondziu #303

My bother in-law works for this company in Gillette Wyoming. I’m from Sheridan Wyoming. No doubt this is a legit company that has financial problems but also has a lot of money tied up in assets. Both the lender and the company doesn’t want this company to file bankruptcy. If you like to gamble on stocks this one is a great on to take a chance on. Especially at this price!!! This isn’t a HMNY or some bogus marijuana stock