Replies to post #2242 on Cano Petroleum (fka CANOQ)

[SeaOhToo]

Doc, there is a reason the assets have been devalued. Cano spent a fortune setting up waterfloods...only to realize production fell short of expectations. Thus, the assets were revalued downwards. Becareful and do your DD. This is not a $5-10 stock anymore, even those that paid $8 sued the company for over inflating the PV-10 values.