You'd think as RFE's underwriter and consultant Euroz be a bit more in the loop???
Last week:
Red Fork Energy Ltd (RFE $0.01/sh)
Analyst: Jon Bishop
Recommendation: Hold
Price Target: $0.03/sh
• RFE is currently looking to refinance its US$100m facility with Guggenheim.
• We would be hopeful that refinancing would provide for a longer time frame
within which to pursue alternative funding means and/or asset sales.
• However we are cautious, particularly in light of the recent oil price falls and
waning A&D market that RFE’s future looks challenged.
Also, did Redfork end up with a proper outcome from the strategic review (which seemed to have started nearly 1 year ago????)
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