ELK 0.00% 1.4¢ elk petroleum limited

latest patterson research, page-13

  1. 215 Posts.
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    Like isn't there a much less severe and more likely narrative ? If grieve turns on ok there are all kinds of ways forward . It's known engineering it's a fine well it's tested well . The hedge isn't 100% and some kind of debt re jig was always in the horizon of 2018-19 . There are good experienced people on this company who have way more visibility than we do , we have got to decide to trust them or not . They bought on heaps of debt to buy very very cheap assets , that's a good move most of the time . I think also you can claim a hedge position is a major weakness you also have to prive it if you claim it . I am always willing to listen but it's still far from proven in my mind .
 
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