Edge Res Share Discussion Threads

[monkey puzzle] 02/10/2015 13:27

Carpadium,

Ask yourself how many drills has Brad actually completed with Edge, that should answer your question re Brad and being pro-active.

[monkey puzzle] 02/10/2015 10:25

Belgrano,

You seen CAZA this week? Indebted oilers getting into deep trouble....not saying EDGE is in the same place but it will struggle to show any appreciation whilst the US oil industry is getting decimated due to debt and the poor price of oil.

[belgrano2] 02/10/2015 09:46

Looks like someone has given up and unloaded some stock, selling at 2.0p a pop.Sort of itchy finger time when you are unsure whether to grab some more or not, but i'm overweight in this stock at the moment.
Clearly on one hand we have a minnow oiler, with good assets and well run, suffering poor oil prices, when it recovers the share price will be multiples north of its current position.

On the other hand we have the Arab states who need $100 plus a barrel to break even, using their fast dwindling finances to try and force out the dearer producers. We know once production gets cut..and it will..the oil price will boom again.

A little CEO guidance on the survivability of our company would be a real blessing now, and maybe tip my hand to boot.

[lazarus2010] 29/9/2015 11:03

C$/US$ hitting $1.34 today, weakness not good for conversion back to GBP but good from C$ earnings pov which is more important at the moment. Also means that if any investors come from the US they will be buying ultra cheaply compared to where the C$ was 1 year ago!

[bigt20] 28/9/2015 21:18

14/9/15 00:47 (UK time) Asia SquawkBox
Scott Darling - Regional Head of Oil & Gas Research, JP Morgan

Forecast re Brent: Q4 2015 US$50 per Bbl
2016 US$53 per Bbl


11/9/15 09:02 (UK time) CNBC World wide Exchange
Goldman Sachs
Forecast re Brent: 2016 US$49.50 per Bbl.

[lazarus2010] 28/9/2015 13:26

can sell 250k shares on-line at 2.1 but can only buy upto 150k at 2.5p, not a very nice spread as usual but at least it shows that there is some demand out there...maybe?

[amont92051] 28/9/2015 10:12

yes, showing more buys than sells so I guess a sell order in or a late sell will show up.

[currypasty] 28/9/2015 09:57

looking a bit sick today

[monkey puzzle] 23/9/2015 14:08

Brad strikes me as more a caretaker than a deal maker these days......struggling to keep the faith in his tortoise like approach to business....reactive rather than proactive...even Matt Loffgran at NTOG is doing deals....what about you Brad or will you just keep sitting on the fence?

[mark10101] 21/9/2015 23:17

How much does Brad get paid? Will be worth every penny, so rare to find someone with so much drive and productivity. Only achievement in over a year of my ownership was the water processing, good though it is.....

[lazarus2010] 16/9/2015 17:50

EDE down in Canada, EDG up in UK w/o any trades? Rather strange!?

[bigt20] 14/9/2015 09:56

Carpadium,

I agree with your post 3406

[carpadium] 14/9/2015 08:24

Just shows how stark the situation in Canada has become, Brad's insight at the beginning of the year spot on. ...and stressed assets/companies will flood the market to a degree that has not been seen in my lifetime

Fair to say, thankfully, that Edge fits into the 'salvageable' and not the 'hopeless loans' category but even so, critically, it's the availability and support of private capital that will keep us in the lifeboat. imo.

[lazarus2010] 14/9/2015 08:16

hopefully Edge's strategy to have funding in place to pick up cheap assets will prove to be a winner. It is clear that in spite of all the doom and gloom, oil prices cannot stay this low for much longer. Yes there might be excess production compared with supply at present, but it's also very clear that there is a very large amount of oil being produced uneconomically, and companies will not have the free cash flow to keep on drilling new wells, hence there will be a lack of new production to replace natural declines. As has been commented in many articles, the solution to cheap oil is cheap oil. The problem for investors is picking which E&P companies will survive and prosper and which will fail.

I think Edge has already proven that it can control costs and has the financial backing to be able to service debt and start to implement an acquisition strategy.

Only time will tell of course...

[sleveen] 14/9/2015 07:34

Canadian assets may be about to become available?

[lazarus2010] 10/9/2015 11:57

when PoO hit $62 in June we cam close to 6pps. With well funded backing and acquisitions on the horizon (which might be dilutive wrt the total no. of shares in issue, but should be accretive in terms of assets per share) this should multibag as the PoO rises. Unfortunately that's looking more and more like it will not be until 2016

[littlemadam] 10/9/2015 11:34

I see in results on 2 sept it said the company wss "pleased to announce".
Where are they coming from? I would not be pleased if it were me. I would be ashamed.

[monkey puzzle] 10/9/2015 10:30

blimey this seems to be completely unloved thee days.....

2.5p, £4m mcap....

even ntog (and that's real a dog) is rated at $4m

????

[lazarus2010] 10/9/2015 09:08

certainly does Mark, seems like a lifetime ago the way things have turned around for the worst! Down more today, that's a 0.5p drop in 2 days off the back of less than 140k of sells!

[mark10101] 09/9/2015 16:07

Yes given the new finance is at a decent premium to current share price now is the time to get some momentum back into here, last summer where I added to my holding seems a long way way from where we are now.

[lazarus2010] 09/9/2015 10:04

Unfortunately JB, even though it is way down, it is still sucking almost $14 off the price of WTI, so wellhead prices around $32? @ C$1.32 that's about C$42. Very strange that the spread widened so much, I guess due to the refinery outages that occurred which are now sorted and the pipelines that went out of commission due to a leak in one. Hopefully all sorted and differential will narrow further. We really need PoO to rise, but I guess not until after we secure some excellent deals!

[jamesiebabie] 09/9/2015 09:44

WCS differential is way down, again. Good for EDG.

[lazarus2010] 09/9/2015 09:32

sp isn't going to plan. I thought the announcement re investment into EDG to acquire new assets would have given us quite a +ve boost...I guess the market will only believe it when it sees it! Come on Brad, pull some beavers out of the hat!