WBE 0.00% 0.7¢ whitebark energy ltd

Ann: Quarterly Activities and Cashflow Report, page-10

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  1. 4,828 Posts.
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    I understand why their income was down and I was not critical of that .
    What I am critical of is  why they did not explain why their corporate and administration costs were so high and nearly 60% higher than forecast .

    I am not sure there is a " normal " in the topsy turvy world of oil .
    However even though the the cuts that the Alberta Government mandated has help a lot , the infrastructure problems are still there and the oil price is still way lower than it was before the big pull back .

    As an investor you need to look at the reality of the situation .
    Talking to management directly in my experience can cause you to think you are part of the Team and can interfere with your ability to make the best investment decisions . 
 
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