I have been watching this company(CNS.V)for a while. A former Canadian colleague in Africa, after left here worked for this company in India. - - - It is a Calgary, Canadian-based oil company.
They just hit a dry hole for an exploration well in India. That is the reason why the share price drops to the 52 weeks low of Canadian, C$0.60 (about U.S.$0.50). - - - I have just bought some of their shares today at C$0.62. - - - Yesterday, its 52 weeks high=C$4.98, and 52 weeks low=C$0.93 (U.S.$1=C$1.20, roughly).
http://finance.yahoo.com/q?s=CNS.V&d=t
Now they are moving the rig to complete other oil producing wells in the same region in India.
I expect by the end of this month or sooner, the prices will rise back up to the C$1 range.
4godnwv, I wish I could post more. However, most of my spare time has been taken up in studying for my distant MBA with the Manchester Business School, U.K.. - - - It is truly a struggle, working in the day time, trying to study at night and weekends. I completed and passed my 3 courses for Jan.-June 2005 semester (1.Financial Management, 2.Organizational Behaviour, and 3.Marketing Strategy). - - - Now I am doing 3 courses for the July - Dec. 2005 semester (4. Financial Analysis, 5. Human Resources, 6. Project Management).
I come here daily to read your postings.
Best wishes to all of you!
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