Navajo Wind Energy Corp (CLBN)

[cobjake]

8( sorry guys

Posted by: stinkeye
In reply to: rrufff who wrote msg# 147031
Date:1/11/2007 4:56:35 PM
Post #of 147071

If you don't mind me interjecting - this thing with CLBN is one of the funniest things i've seen in quite some time.

A Forbes reporter was on CNBC's "On the Money" last night discussing why the big integrated oil firms aren't doing any work in Iraq yet.

In the course of the interview, (i was listening in my car on the way home from work) he mentioned a tiny US listed firm called "Caliber Energy" that has struck a deal with the Kurds in the North of the country and is drilling on one of Iraq's largest oil fields.

Immediately when I got home, I went straight to Yahoo Finance and did a symbol search on the phrase "Caliber Energy". Of course the result was CLBN.ob. I was mystified to see though that the thing was like $.01 and had ZERO headlines of any kind. When I went to their website their was NO mention of operations in Iraq.

This got me thinking, If you run a company whose stock trades at $.01 - and you were drilling for oil in one of the World's biggest oil fields, you would certainly have a PR or two discussing it.

At this point I started digging further. After a few minutes of intense Googling, I found the company in question....

It's NOT Caliber Energy (CLBN)

It IS Calibre Energy (CBRE)

In an ironic twist of fate, CLBN a company with virtually ZERO operations anywhere in the world, skyrocketed 300%, while CBRE a company tapping huge Iraqi oil reserves was actually down a bit on light volume.

Clearly the markets are NOT rational.......

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