Dart Energy comes out of a trading halt this morning, with expectations it will announce a capital raising as they face a capital crunch.
Having to tap shareholders after looking to sell existing assets does not look good for Dart and should not be well received by shareholders.
Dart’s core operations have also recently come under pressure in Scotland by environmental groups angry about the potential extraction of coal seam gas in the region.
Shareholders have seen Dart shares plummet 48 per cent over the past twelve months.
DTE Price at posting:
10.7¢ Sentiment: Hold Disclosure: Held