RFE series 2018-1 reds trust

getting out of a hole 101, page-23

  1. 5,438 Posts.
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    Reading over their annual report and quarterly again, there is only a funding deficit of 15 to 20 million max.

    They will easily get this with an increased in borrowing base due to massive reserves upgrades.

    They will also announce a new reserves upgrade at the same time I am guessing.

    Hence, their current receipts of 10 mill per quarter will only go up and if they scale back their drilling now which they CAN because they have met their HBP requirements, it should now be steady as she goes.

    The few announcementts will tell the story for next years success, but those who sold and are long termers may feel sick if they see this power on. The company has done all the hard work for 2 years and is now at the critical point of revenues exploding. Throw in Devon well success and it may scoot along from here.

    These fundies are in boots and all and have to pump this to one dollar for any hope of passing the baton.
 
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