I spoke to David a number of weeks ago and asked that very same question about buying up wells. His answer was because there are mid size wells to small for the big guys and a lot of smaller oil companies are struggling with bank repayments due to high interest loans.
Comparing Best Business Loan RatesLenderLoan amountInterest rateLoans Canada$500 - $300,0003% - 46.96%SharpShooter Funding$4,000 to $300,0005.49% -22.79%Lending Loop$5,000 to $500,0005.9 % - 26.5%Company Capital$5,000 to $100,000Starting at 6.87%
Even with the high price of oil plus a lot are cowboy chancers who have the leases but have no clue how to get the best production out of them. Enter XST/SGC.
I spoke to David a number of weeks ago and asked that very same...
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $6.109M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.9¢ | 1.7¢ | $7.975K | 421.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 894737 | 1 |
View Market Depth
| Last trade - 15.17pm 03/05/2024 (20 minute delay) ? |
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Last
1.9¢ |
Change
0.001 ( 5.56 %) |
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| Open | High | Low | Volume | ||
| 1.9¢ | 1.9¢ | 1.9¢ | 165069 | ||
| Last updated 15.05pm 03/05/2024 ? | |||||
| XST (ASX) Chart |