Those investing in the Canadian market should take a close look at CWQ on the VSE. The stock has been basing for quite awhile and news is just around the corner. The company's big ticket is a 25% interest (42.5% after payout) in the prolific Bacon Island gas prospect located near Stockton, CA in the Sacramento Basin. Local operators have recently discovered a 4th gas zone at 10,000 feet, which could give the Curlew acreage 200 BCF of natural gas. With 3-4 wells to develop the area, production and cash flow could support a $15 - $20 stock. Compared to recent quotes under C$0.30, the stock has to be considered a huge bargain with major league potential, and very limited risk. Purchase is warranted.
Dale Schwartzenhauer |