Quote Originally Posted by PMREdmonton View Post
I bought a tranche at 5.50 - tough pill to swallow for sure.

I may try to buy some more if it falls further in the 5.00-5.25 range.

There is definitely value here - I don't know if this management team will unlock it but I know someone will at some point in the next couple of years because they are so far ahead technologically. Forget North America - there are huge unconventional oil plays in China and Europe that will be amenable to gasfracs. There are huge international plays in the desert where water trucking will be prohibitively expensive so gasfrac can go there. Right now they are trying to unlock NY which has banned all hydraulic fracks in the Tiogoba(?) region with eCORP as the partner in a very funny arrangement where there is a WI with the landholders set up and the landholders have agreed to allow gasfrac in to do the frack. Then there is Quebec.

This thing just shouldn't fail.

They have a big-time oil exec with lots of industry connections in charge now so I think he is going to make this work. He came out of retirement just to make this work. I think he'll get the job done. The last group were great scientists and engineers but they weren't businessman and that's where they failed - execution of their business plan.

I'll try to buy some more tomorrow to lower ACB but I'm starting to get a higher weight than I'd normally like on a smallcap.
PMR
by your posts it seems that u diligently do ur homework .
the stocks u r buying now are to be held if u have the stomach for it.
ur buying stocks that are following a commodity that is going through a catastrophic event.
if the mkts dip lower, those values that you and i are entering at will drift lower for sure.
I mentioned that i have time for another junior, FEL and if it drops to the 1.5 range ... i will think about it.
the sentiment in regards to those companies is extremely bearish atm.
by the way AAV hedged some of their production.
I have seen a bit of institutional interest on it , but by far not a lot at all
i am taking a contrarian approach.
I read in another post that you are a doctor.
I am impressed with your capacity to find time to trade since doctor's have a very busy life.
cheers and good luck