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ELK PETROLEUM LIMITED (ASX:ELK)METGASCO LTD (ASX:MEL) - oil slumps to $44.20, page-18 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
ELK MEL

oil slumps to $44.20, page-18

  1. benboy77
    1,244 Posts.
    lightbulb Created with Sketch. 20
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    23/01/15
    13:15
    Post #: 14630522
    Great post CSGguy, having been a long term ELK holder until a few months ago i really feel sorry for MEL holders in this deal. Without this deal ELK would be shutting up shop as there is little to no chance of Greive getting off the ground at current Oil prices and Denbury sure wont be in any hurry.
    Looks like a mates deal was done to save their ass.
    MEL Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
    ELK Price at posting: 2.6¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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