Replies to post #11680 on Value Microcaps Motherboard

[researcher59]

valuemind: re CHAR, That's a hypothetical question, but certainly high oil prices are the key to strong profits. I'm bullish on oil prices, though I think they may bottom in the low to mid $40's per barrel and then trend higher. A good comparison is Q3 of 2004, when oil prices averaged around $40 and CHAR posted EPS of .09. Operating expenses were higher in Q1, so they didn't increase EPS much from Q3, the previous quarterly record. However production is finally surging higher starting mainly in April, so that will help to offset what might be lower oil prices in Q2.