tiny market cap
canadian oil heavy discount to reality
huge potential from existing leases
believe will sell some non-allinged property for additional working capital
conversation with pres- reserves now around 100 million but with new reserves report due out in a few
could reach 150 million - market cap of only 40 million
rather buy when everyone else hates!
easy double for patient investor type.
tie in have been slow, but things always change.
capex numbers for 2013 coming
year end numbers coming soon
guidance for 2013 coming soon
oil seems to be firming and this is bullish for the whole sector
could of course become a takeover candidate if management is not careful
see little risk at current levels