At the end of the day it is pure heresay which creates no value. Elk needs 4k bbld per day of very cost effective organic extra production to meet originally set expectations by management and the on going cash generation requirements to be able to be service the high debt load, future capex requirements and the unhedged purchase price premium oversight. Short of swiftly and convincingly increasing production, the refinance will be a bust as will be the value of the equity and there is really no other material items that are noteworthy by comparison. Elk is purely a production play, it can either ramp up or not. Stating that Elk is attending or presenting at a conference 3 times is at the end of the day just nuisance news.
ELK Price at posting:
6.7¢ Sentiment: Sell Disclosure: Not Held
