Edge Res Share Discussion Threads

[bigt20] 24/7/2015 16:27

Warren Gilman, Chairman and CEO of CF Holdings re poo:

[lazarus2010] 24/7/2015 14:35

nobody wanted to buy while they had the spread at 0.75p = 25%. Now they've dropped it to 0.25 (still c.8%!) it has enticed a few buyers. I loaded up last time it was here so disappointed to lose all those 'paper profits' when we were at 5p but this is clearly a long term investment...much longer than I ever imagined! Basically we just have to sit and wait for the PoO to improve and/or some left field news. In time this looks a decent bet for at least a 3 bagger from here and I will probably add when we see some clear indication of markets improving. Everything is cyclical and so long as we stay in the game we'll live to fight another day.

gl all

[monkey puzzle] 24/7/2015 13:53

Judging by the spread MMs seem keen to sell what they have taken on lately but buyers not coming in yet.

[mark10101] 24/7/2015 13:51

Yes it became clear early on in my ownership that Brad was not focused on driving share holder value and it is only a share that when you research you realise what value lies within. Maybe Brad should look to issue a dividend if he does not want to focus on share price at least keep some of us happy. He is clearly managing the company well but his lack of comunication fails to capitalise on it. liquidity is an issue here and that is down to lack of news/interest if I was to sell out today it looks like we would end up at zero....

[monkey puzzle] 24/7/2015 13:43

Whilst the "value" is probably there I doubt anyone sees any near term reason that will move the SP? Next quarterly update is due in September and can't see Brad issuing anything prior to that. Looking at the newsflow here, you can actually go all the way back to this time and beyond last year on one single page of RNSs.....newsflow drives AIM shares, Brad doesn't do newsflow.

[mark10101] 24/7/2015 13:29

Where are all the guys that were going to load up at 5p, I am certainly tempted to get some in at this level but surprised other we're not stepping in earlier.

[lazarus2010] 20/7/2015 21:17

yeah but it also makes our shares worth less :-(

still on a +ve side if it keeps us cash flow +ve and let's us live to fight another day then that's fine by me. I'm sure the Loonie will rebound along with the PoO

[jamesiebabie] 20/7/2015 17:24

USDCAD getting more interesting and helping to offset the weakness of the PoO.

[sleveen] 20/7/2015 14:02

Baytex commentary on Q2 WTI/WCS differentials:

[mark10101] 17/7/2015 22:45

Nice 40% rise on TSX tonight, TSX although volatile did seem to kick start our last positive run.

[carpadium] 16/7/2015 08:25

Not forgetting fixed price contract $1.25 CDN/USD already in place 'til 4/17 on 240K-280K USD/month.

[lazarus2010] 15/7/2015 19:27

C$ now fallen to C$1.29 to $1 which is very good for local cost payments and helps a little to mitigate some of the drops in the PoO over the last 2 weeks!

One more rate cut could take it over C$1.30 and then BN can hedge 50% ;-)

When oil does eventually increase in price I am sure the C$ will strengthen against the US$ (and £) and all will be ok.

[lazarus2010] 15/7/2015 08:48

selected the below from an article from 2014/05

shows that the change in the wcs/wti discount should be more or less permanent and we shouldn't go back to the previous very wide discounts.

That could be a more difficult transition, he says, because many of the midgrade refineries -- such as Motiva -- have close ties to the importers of the midgrade crude.

What's more, a number of Midwest refiners have converted their facilities to be able to process heavy sour crude.

Heavy crude coming in from Canada has traditionally traded at a 20% discount to WTI, says Earl Sweet, senior economist with BMO Nesbitt Burns.

During the Cushing glut, that discount at times widened to nearly 50%.

"There was nowhere for that oil to go," Sweet said.

That has changed with an increase in heavy crude processing capacity among Midwest refiners. Most notably, BP 's (BP) 413,000-bpd Whiting refinery, which was upgraded last year, raising heavy sour crude to as much as 80% of its raw input vs. only 20% before the retrofit.

Husky Energy is spending $300 million to upgrade its Lima, Ohio, plant to handle more heavy crude.

"So all of that heavy oil growth taking place in Canada doesn't have to get all the way down to the Gulf Coast," Sweet said, "There is increased demand for it at midcontinent."


Read more:

[mark10101] 15/7/2015 07:59

Good rise in Canada yesterday so hopefully get a turn around here today.

[sleveen] 10/7/2015 20:38

Canadians are +30 oil/gas rigs this week compared to the US of 1 oil or gas rig.

Looks like Canadian oilers are more profitable than US oilers at current oil/gas prices.

[lazarus2010] 10/7/2015 11:57

was a post on the wrong thread!

.-- .- -. -.- . .-. ... / .-.. -- ..-. .- ---

:-)))))))

[andy] 10/7/2015 09:27

BigT,

No it's BB secret code,a single dot is sell everything and run for the hills!

[bigt20] 10/7/2015 07:53

Laz,

Are you some sort of spy trying to pass us info via a dot?

Lol!

[carpadium] 08/7/2015 17:34

BN has already made it crystal clear that he does not have any near-term drilling plans. Edge drilled a non-producing well in an effort to hold acreage and maintain lease, an exercise not considered newsworthy.

Neither are they paying down debt, they pay interest only, 4.75% on approx $6.5m drawn, or roughly $25K per month but should add that this facility is to be reviewed with lender on the 31st of this month.

Would also add, whilst obviously no more clued-up as any other investor, strongly believe we'll hear before year end of an acquisition, merge whatever that will add much sought after and significant shareholder value. Brad has of course stated in the past that their eyes are open for stressed assets/companies, the list and choice must be growing even for Edge's strict criteria.

[johnsmithmmxiii] 08/7/2015 12:35

With the drop in wti and the increased wcs-wti spread I get the feeling that BN will delay any drilling and conserve cash. Stuck between a rock and a hard place I think. Better to pay down some debt with any spare cash, and if there are any profitable acquisitions to be had which would add to revenues and profits this would be the safest bet. Hunker down and wait for the storm to blow over...assuming it will eventually!

[sleveen] 03/7/2015 18:20

Chartism from Zak Mir FWIW:

[jamesiebabie] 03/7/2015 17:49

b2 - look at the ISDX trades.