Mason Granger
Fairwest Energy Corp
FEC-X
DON'T BUY
Mar 29, 2012
$12 million market cap, so considered a microcap. Thinks they are caught in a spiral of negative cash flows. Have a bit of a debt problem. Management owns about one third. About 70% weighted towards gas.
Very tiny, very risky small cap. A junior producer that had way too much debt for years. Have 450 barrels of production. Trading cheaply on a cash flow basis but have a new farm-in who are drilling 5 horizontal oil wells to test some new sexy resource plays. They don’t have to put up any money.