Edge Res Share Discussion Threads

[carpadium] 03/2/2016 18:53

.....the window of “distressed asset” sales is expected to be opening even wider during Q1/Q2 of this year as banks tighten nooses without restraint. Those companies with capital available to acquire will make out like bandits and those without will be hurt by their banks. Am hoping to be part of the former but there are no guarantees in life.....

[belgrano2] 28/1/2016 21:23

certainly strange to see it up 25% on tsx tonight. if we do get some kind of opec deal to universally (and it is a big if), I'm very interested to see how this stock behaves when a few buys come rolling in, due to the fact a good percentage is in very safe hands and liquidity is low.
I hope Brad has managed to secure some more acreage that hes been after for a while.

[mark10101] 28/1/2016 14:47

Is ADVFN Brocken, some strange colour effects going on. Price has been red nearly the whole time I have owned EDG when loading up back in 2014 check in today and it is blue, not sure if it is a good or bad thing but I don't feel comfortable.

[dogrunner11] 22/1/2016 11:13

Apologies off topic folks....

Might be worth a look at RED, formally CCE, energy storage for renewables that's about to explode this year, potentially 10 bagger plus IMO, DYOR.

Good luck all.

[bigt20] 22/1/2016 11:05

Patience is a virtue (so long as you are still in "the game")

[andy] 21/1/2016 21:49

Carpadium 20 Jan'16 - 13:23 - 3589 of 3590 0 0

The 79-per-cent decline from 2008 to 2009 was followed by a 274-per-cent recovery.

---

But after losing 79%, what % was required to recover to par?

I take your point that if you were long oil you would have made a packet.

[carpadium] 21/1/2016 16:48

Unusual flurry of buys, 5 trades for 222K all within 36 minutes.

Mid-afternoon makes me think Canadian buyer, makes me think news leak, BN finalised something? ... probably just my wishful thinking ...

[carpadium] 20/1/2016 13:23

Interesting fact from an article in the financial post ....

Finally, and most importantly, many forget that deep oil-price declines are soon followed by some sizable recoveries.

The 79-per-cent decline from 2008 to 2009 was followed by a 274-per-cent recovery; the 59-per-cent decline from 1996 to 1998 was followed by a 244-per-cent recovery; the 66-per-cent decline from 1990 to 1993 was followed by a 90-per-cent recovery; and the 62-per-cent decline from 1985 to 1986 was followed by a 273-per-cent recovery.

[sleveen] 18/1/2016 18:00

topaz

Just taken a look at MNC, looks to me like they will need further funding (recent placing noted) in addition to project funding.

The project itself seem a long way of production to me. Selling the resource may well be the best approach. Good luck.

[topazfrenzy] 18/1/2016 10:44

Sleveen, the other stock is Metminco (MNC), huge rewards heading that way in my opinion as close to a deal now with due diligence being carried out by several parties. The proven resources place it amongst the biggest copper deposits in the world. When a JV is announced (the board's preferred option as it is a long term project) or an outright sale then we expect the market cap to re-rate x10 to x20 in a flash. Private Equity is now sniffing around for such projects apparently and the clever money is getting back into copper for sure.

[andy] 15/1/2016 16:42

topafrenzy,

Which other stock out of interet?

Tick down in Canada to less than 1p equivalent.

[sleveen] 15/1/2016 09:10

topaz

Thank you for your reply, good luck with your other stock.

[topazfrenzy] 14/1/2016 18:43

Sleveen,

All the sells were mine, I had to sell in chunks as they would not do the trades in one go, so 300,000 in total. My average was only 2p so lost 30%, which is very frustrating but not the end of the world. I may live to regret it but decided to put the money in a share I have great hopes for, we'll see! I did not want to get caught up with the under a penny scenario here.

I wish you all luck but I just cannot see how millions in debt, at fairly elevated interest rates if I remember correctly, can ever be helpful to a company with ever diminishing cash flow. The so called investors would surely just wait till it goes bust before striking surely, but I just don't know!

[carpadium] 14/1/2016 16:59

I've heard it ventured, and agree, that the best thing that could happen for the oil industry is for oil to go to $20, the price banks delight in scarily predicting. If it goes to $20, there will FINALLY be an awful lot of production that gets shut in. The short-term benefit of that is obviously an immediate drop in supply but the long-term benefit comes in the fact that only 6 out of 10 shut-in wells ever get turned back on. So the near-term and long-term supply curve drops. The problem with oil stuck between $30 and $40 is that it is still above the cash cost of production and so companies are motivated to try and produce as much as they possibly can, because every barrel generates a positive dollar.

However, if oil drops to $20, then most barrels produced would actually cost the company money. The lower it goes, the harder it will snap back to “normal” ($60 - $70).

The trick is, of course, to stay in business through the dark period and emerge a survivor.Personally I think Edge, with their strategy and fiscal support, are capable of doing just that – regardless of balance sheet current status. If it’s a gamble, and I guess it is, I’ll see it to the very end.

More buys than sells today incidentally.

[sleveen] 14/1/2016 16:30

topaz

How many did you sell, if a may be so bold?

[topazfrenzy] 14/1/2016 15:25

The only thing I see saving the oil price in the near future is a major conflict between Saudi and Iran, not a pleasant thought at all!

[monkey puzzle] 14/1/2016 15:15

I have to wonder at the exposure of the whole north american banking sector to the homegrown oil and gas sector, especially shale.......must be in the $billions and all at risk. Scary stuff when the POO shows zero signs of going up and is still falling daily.......what will the banks do next? If they leave their money at risk they could lose it all but if they foreclose they force companies out of business and get only some their cash back.....nightmare for all concerned.

[mark10101] 14/1/2016 14:17

Good to see some chunky buys going through. Bad to see us trashed just on one person selling which as always been the problem with EDG and why I have not sold my holding.

[topazfrenzy] 14/1/2016 09:21

Just sold my entire holding here.

I was slightly optimistic but with the big debt hanging over this I cannot see how it will not go under a penny and even go bust if no rescue materialises. There is no way this company is going to realise a profit for years, oil is in a death spiral and may go much lower still.

Sorry Brad, I really don't think you have been doing your job taking on such a huge loan for a company of this size. Debt is death in this market.

GLA

[jamesiebabie] 12/1/2016 14:45

Laz - that provides 'some' comfort in these difficult times. Thanks for letting us know.

[lazarus2010] 12/1/2016 14:18

I had an email reply from Brad regarding the currency hedge, and apparently we also have a 'differential' hedge which apparently is working, so not all doom and gloom, apart from the sh*tty PoO

[mark10101] 08/1/2016 15:50

More buying than selling.

[lazarus2010] 08/1/2016 08:49

Carpadium, nice post to persuade shareholders to start selling, thanks!