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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (39602)	10/9/2010 1:23:17 PM
From: Spekulatius	Respond to of 78751

re CFW - this stock has been handed around in other stock threads I am following. It looks cheap based on proved BOE/$ EV (I think it's around 3-4$/BOE) but the lease operating Expenses are 44$/BOE so it's an extremely high cost producer. I think this is really like a call option on high crude prices. I passed on it when I calculed the lease operating expenses (there are other expenses on top of that of course). I don't think they can make money below 100$/BRL crude. For LT call option on crude play, oil sands stocks are better, imo.

To: Paul Senior who wrote (39602)	3/7/2011 10:27:53 AM
From: E_K_S	Read Replies (2) \| Respond to of 78751

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