CFW vs. RAM(CFW has the proven 4.6 billion barrels oil reserve)
RAM does not have the proven oil reserve. But CFW does have 4.6 billion proven oil reserve according to Yahoo Finance info.
How come it is so expensive to take the proven reserve out of ground? The Frac and horizontal drill are feasible technology! It is not difficult for them to find the partner to drill on their properties!
The Debt to asset ratio is too high for CFW... NatGas prices are at record lows... it's kinda sad that we have an abundant cleaner burning job creating extremely economically cheaper natural resource here in the USA!
GMXR made the switch to that $100 per barrel Oil.. If your going to make an attempt for a turnaround for your company make sure your drilling for a commodity that's extremely valuable as Black Gold..
Passing the NatGas Act sooner rather than later may help some of these small distressed NatGas companies.. although for some common shareholders it's too late..