| Yeah, I added more CEN traders today... way overdone here... as we well know, the oil sector will firm again, not if, but when, and that alone should do wonders for CEN... shoot the current price only covers actual P1 proven reserves and gives zero for anything else going forward... yeah, they've made some troubling missteps on IR/news, but operationally, they have been stellar... and the MOPU issue is just delaying production, not canceling it... I note that all of the insiders are holding pat, not selling and the buyback, for once, is something I agree with when they say it is the best investment they can see for all the cash on hand -- especially at today's prices... seems like all of my oilers are hitting soft patches, and one can go broke snapping up all of the undervalued jrs. out there, but CEN still seems like the best risk/reward in the patch I know of especially for swing traders -- got to love this volatility on some level... never imagined I'd have so many "round trips" swing trading CEN as I've had the last 2-3 years. |
