One to look at perhaps.
Doubloon, I know you like these "undiscovered" oil/gas plays, just thought I'd run it by you, I bought some the other day ~ $4.50, have added a few, and am hoping for a bit of a dip to buy more.
CFW is the stock. (I know, I know, these Canadian oil stocks are all over the place out there )
The below is from another board. Someone I know from mutual involvement in trading TIV told me about CFW and thinks its stock price may appreciate quite a bit before long. Just FYI
"On the left hand side of canopetro.com you find their latest conference presentation. It's right under the fact sheet.
CFW has a PV-10 today based on about 5MMBOE proven. If you take the forward looking statements and the integrity of CFW mgt. into account, you don't have to look too far ahead, not even as far as Thanksgiving. If they execute their (fully funded) FY
'06 CapEx plan and add $245MM to their PV-10 value, they will add more than that to CFW's market cap.
If they close their latest accretive acquisition, the whole company's valuation picture will be revised upward, because it will double production and more than double proven producing reserves. I don't know what the probables are, but if they're less than average among the other CFW projects, say 8:1 to the PDP, there's 50MMboe probable reserves to boost PV-10 value soon as EOR gets implemented.
Nowata Phase III lab test results are imminent. With those disclosed, they will be able to project what will happen at Nowata when they implement their ASP Pilot program. The Nowata Pilot waterflood is already funded.
They currently produce about 950 boe/d, for gross annual revenue of roughly $21MM @ $60/bbl, and the company's price to sales ratio is 5. After acquisition, P/S drops to 2.5, but not for long, capiche?
There's no exploration risk.
There's no financing risk.
The acquisition is not reflected in today's pricing. CFW is a microcap stock that few people know about, and fewer still understand.
I think they will accomplish their objectives as they claim. I spend time studying other candidates for investing, and if I find a better one, I will let you know, but if I can't find a better one, I will keep on saying what great numbers I see before me in CFW."
Doubloon, by the way, this guy got in UPL VERY early and has made a killing in it.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
