The other company I am now in, VIL, after selling my GDN already has a pipeline in place and plant built. They perforated the upper target zones about 3 weeks ago and should be announcing flow rates from Gas shows of 6,000 units (twice that of GDN) plus potential oil any time now.
They also will soon own 72% of this well plus 10% of the Bongo well that just announced a significant gas discovery by TSX:CAZ plus with the Pass merger will have 35k / month immediate revenue from Bullseye producer. On top of that they have the option to acquire Silverwood which also this week announced a gas discovery.
Both stocks are trading around 2.4 cents.
Why would I sell VIL and buy GDN on this basis? I'm trying to determine the value in GDN going forward since the SP is closely matched.
What is the positives of GDN right now that should convince me to invest in it rather than VIL?
GDN Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
