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Strategies & Market Trends : Penny Pinchers

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To: sense who wrote (12)	2/26/2012 11:54:53 PM
From: sense	Read Replies (1) of 17

Looks like the $1.75 million in additional DIP borrowings will enable them to get things basically functional, again... It still leaves a fairly short fuze burning on the reorg negotiations with a May 23 deadline... Maybe they'll find another buyer for some assets ? Maybe they'll reach an agreement and modification of terms with their lenders ? Maybe they'll find new lenders who have greater capacity to support them ? Or, maybe not ? COUGF has been extremely aggressive in their acquisitions of property... and as a result they've got a portfolio of Bakken acreage that is impressive, and easily could be the basis of enabling them to grow into a major producer at some point in the future... if what they have now is able to be made sustainable... For now, that's a pretty big if... but, trading under $0.07 a share its probably worth taking a shot ?

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