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home / news releases / CDDRF - Obsidian Energy: It Is Those Debt Levels

CDDRF - Obsidian Energy: It Is Those Debt Levels

Corridor Resources Inc
  • The NYSE listing application will be a major milestone in the recovery of this company.
  • Debt levels remain high and are declining.
  • The company may need to do a deal that uses stock to accelerate debt level reduction.
  • The heavy oil project is extremely profitable during good times.  But margins can completely disappear during downturns.
  • Decommissioning expense remains high and could stay that way well into the future.

For further details see:

Obsidian Energy: It Is Those Debt Levels
Stock Information
Company Name: Corridor Resources Inc
Stock Symbol: CDDRF
Market: OTC
Website: headwaterexp.com
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