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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (39602)	3/7/2011 10:27:53 AM
From: E_K_S	Read Replies (2) of 78748

Hi Paul - Re:Cano Petroleum, Inc. (CFW) Picked up a speculative trading position in CFW. Stock hit my volume screen this AM trading over 4x avg volume this AM in the first hour of trading. They own acreage in the same area of New Mexico where LEI plans to utilize new oil recovery technology to increase production on older wells. canopetro.com If volume moves precede price, I am hoping the extreme buying continues for a few days to provide a good swing trade. My strategy is to keep enough shares with house money to see if their oil recovery techniques increase their reserves in the long term. FWIW, YAHOO shows a BV of 2.78/share and debit of $1.48/share. EKS

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