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Royale Energy Inc. Message Board

scoutaboutt 1 post  |  Last Activity: Jan 18, 2015 8:48 AM Member since: May 17, 2008
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  • Reply to

    Time to Double Down on USEG

    by ssuehtemorp Jan 16, 2015 10:01 AM
    scoutaboutt scoutaboutt Jan 18, 2015 8:48 AM Flag

    They have a new guy running the company who is an experienced oil and gas hand. In this environment they don't have to offload any assets and can actual acquire some nice proven assets with production. Balance sheet shows $85 million in net depreciated producing oil and gas assets on sale for less than 50 cents on the dollar. Lots of companies are now desperate for their cash.

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