PES pepper residential securities trust no. 21

wcl - another pes in the making- & underpriced, page-2

  1. 669 Posts.
    jake0002,

    I have been following WCL closely since it listed and I have been disappointed by the lack of progress of the company. I know they have had massive delays due to the floods that cut access to drilling sights etc but the company seems to move very slow. Also i have lost count of the number of CEO's that have resigned I know its not that many but it is enough to question what is going on with this company. Also the flow rates from pilots thus far have been extremely poor compared to other CSG companies. I only hope they can certify some reserves and fast because the share price has tanked the last couple of months not to mention the company traded options that are practically worthless, last sale was at 0.005 cents from memory. Sorry to all those WCL shareholders for my pessimism regarding the company it is only my personal view and i sincerely hope for all those WCL shareholders out there that I am dead wrong about this company.

    sloeb
 
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