WPX Energy Inc – $WPX – Confident Investor Rating: Poor

Company name WPX Energy Inc
Stock ticker WPX
Live stock price [stckqut]WPX[/stckqut]
Confident Investor Rating Poor

The following company description is from Google Finance: http://www.google.com/finance?q=wpx

Western Potash Corp. is a mineral exploration company engaged in the acquisition, evaluation, exploration and development of potash mineral properties in Western Canada and Brazil. Its potash properties are located in Southwest Manitoba and Southern Saskatchewan. It is focused on building a potash solution mine on its 100% owned Milestone Property located in southern Saskatchewan. The Milestone property is located approximately 30 kilometers southeast of Regina and 80 kilometers southeast of Mosaic’s Belle Plaine Mining Lease. Its KLSA 008 Mining Lease includes all Crown land within the 157,500 acres of the Milestone Project Property. The Company has acquired 2,550 acres for the building of the plant site. The Milestone Project includes more than 87, 500 acres of Crown held Mineral Leases.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in WPX Energy Inc. It is not possible to confidently invest in a company that is not currently profitable.
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