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Strategies & Market Trends : Turnarund Investing

NOVS 0.0666

-16.0%

Aug 1 5:00 PM EST

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To: thatsnotluck who wrote (920)	5/1/2012 6:09:27 PM
From: Covenant	1 Recommendation of 1876

this looks a lot like a development stage biotech company CIE is an oil industry equivalent. The big difference is likelihood of success is very high. The risk is in size of discoveries, not whether discoveries will be made. Cobalt also is not a shoestring operation. This was funded by GS and others and was planned from the start to be a big company, which is why even though they have never produced CIE is one of the biggest leaseholders in deepwater GOM. Everything is offshore exploration. The earnings call was today. Here is a current presentation about the company, the transcript or voice if you prefer. The presentation is not specifically for the earnings call but is dated today. CIE is a speculation on pre salt and sub salt. It isn't a turnarund. The Angola pre salt is why I'm invested. GOM sub salt prospects provide some diversification. Presentation (generic presentation dated May 1 - no earnings presentation is available.) Transcript for readers Webcast (Direct Link To Webcast) either link for listeners

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