Claren Energy Corp (CNENF)

[Hamilcar54]

You should get in now since drilling starts next month. Oil probably won't see 100+ dollars again for the next few years. By that time this company will already be sold...

Even with current oil prices the company can get a 100% or more profit margin which should make this company a big money maker. To give you an idea, Total - the european oil major needs a 60$ oil price to be profitable. This company can do it for half.

"The company issued a statement saying its economies in response to the fall in oil prices would save $8 billion in cash, which would allow it to sell oil at $70 per barrel. Ordinarily, its “break-even” price for oil would be over $100 per barrel. But the $8 billion cash infusion means it can sell oil profitably in 2015 for about $40 less, according to Patrick de La Chevardiere, Total’s CFO."

This makes it an ideal take over target.

GLTU whatever you do.