What trader... HOG just scored near 15 mil bucks @ 37c a month ago. This takes care of a TINY valued Gas Plant worth 3 Mil with huge ROI of 17% of bottom line. Plus the Development Well drill... the retail amount was nothing and simply made the offer due to making Insto discounted offer. IMO.
They making 3 Mil every month now and banking near half this straight away. Banking near 20Mil. They DO NOT need another CAP raising....ever IMO.
This is why they are FAR more derisked than most Oilers out there.
Talk of more Cap raise is good for accumulators IMO. In the ST we will never see these levels again IMO.
Cheers
HOG Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held