Monday, June 13, 2016 1:42:32 PM
CNE.TO
Sold everything I add for once conveniently right at $4.60 short term top. Not walking away but planning on buying back everything at lower price as looks like we are in for a bit of downtrend for next 1-2 weeks.
Would have just sold some trading shares but if you pop over to the IV O&G board (where CNE is a new favorite but you heard here first!) you'll see a lot of good posts on recent analyst tour that happened (3 of 4 pages back from current page).
Basically, the hoopla around CNE was at an all time high the last couple weeks that is why stock exploded upwards to $4.60. Just going to sit on my cash and wait on a lower entry point as this short term enthusiasm wanes.
Note that a lot of analysts have $5.00 as target (another reason for selling short term) but that is going to get revised upwards even in the next couple months with likely reserve increases and market starts to see future cash flow profile off all the expansion projects discussed in the post below - which is one of the best posts on IV board regarding CNE analyst tour:
http://www.investorvillage.com/groups.asp?mb=17397&mn=38433&pt=msg&mid=16065304
You need to be an O&G board member for that of course.
Sold everything I add for once conveniently right at $4.60 short term top. Not walking away but planning on buying back everything at lower price as looks like we are in for a bit of downtrend for next 1-2 weeks.
Would have just sold some trading shares but if you pop over to the IV O&G board (where CNE is a new favorite but you heard here first!) you'll see a lot of good posts on recent analyst tour that happened (3 of 4 pages back from current page).
Basically, the hoopla around CNE was at an all time high the last couple weeks that is why stock exploded upwards to $4.60. Just going to sit on my cash and wait on a lower entry point as this short term enthusiasm wanes.
Note that a lot of analysts have $5.00 as target (another reason for selling short term) but that is going to get revised upwards even in the next couple months with likely reserve increases and market starts to see future cash flow profile off all the expansion projects discussed in the post below - which is one of the best posts on IV board regarding CNE analyst tour:
http://www.investorvillage.com/groups.asp?mb=17397&mn=38433&pt=msg&mid=16065304
You need to be an O&G board member for that of course.
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