Norse Energy Continues Stock Sales to Generate Cash

Norse Energy is an interesting company. MDN has written plenty about them. They have 130,000 acres of leases in, of all places, New York State. And they’ve been waiting, along with everyone else, four long years to begin drilling. And they’ve done whatever they can to stay in business, selling off assets, selling ownership slices of the company, floating bonds (debt), obtaining loans—whatever they can. On one hand you have to have tremendous respect for a company that hangs tough. On the other hand, you want to ask them if they need their heads examined for betting the ranch on the vagaries of New York politicians.

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