by Travis Johnson, Stock Gumshoe | December 4, 2015 4:49 pm
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Thanks Travis – any updates on Altius that I may have missed that have resulted in the pullback. Thanks.
No specific news that I’m aware of, just general malaise and soft pricing in commodities. Altius’ results are primarily driven now by Alberta electricity demand, potash, copper, nickel and gold, though future dreams of profits are also influenced by iron and coal prices. None of those are evincing strong positive feelings among investors these days.
Dec 15: ROE managed to grab 3 leases.
http://www.reuters.com/article/mexico-oil-idUSL1N14427320151216
They did indeed, I have no sense of what value those blocks might have but they’re among the producing ones — producing at low volume now, they’re hoping that “modern techniques” can boost extraction. Don’t know what they bid or what the economics of the fields might end up being, but they at least have a reason for being now… here’s the press release: http://finance.yahoo.com/news/renaissance-oil-announces-award-three-134500947.html