关注： CAX.TO

[PennyMaker]

10天的drilling 应该有消息了。in 1.34 10k

[PennyMaker]

moving now!

[PennyMaker]

KEEP GOING.

GOOD SIGN

[PennyMaker]

Candax Energy* (CAX : TSX : $1.40)
Net Change: 0.15, % Change: 12.00%, Volume: 2,652,590
I'm so excited, and I just can't hide it, I'm about to lose control and I
think I like it. It is too early to quantify the success of Chaal-1. But
according to Canaccord Adams Oil & Gas Analyst Terry Peters, the unrisked
upside potential from Chaal-1 under a mid and high case reserve potential
maybe in the range of $1.33 to $2.58 per share. Initial results of logging
indicated that a total gas bearing section of some 450 metres was
penetrated by the well in the Middle/Lower Nara, comprising limestone,
argillaceous limestone and shale/claystone. A gross limestone section of
approximately 200 metres was present within this gas bearing section, with
a net reservoir interval of approximately 90 metres. Given the nature and
thickness of the gas bearing section Candax and its partner have decided to
carry out three separate tests. It is expected that testing will take some
two to three weeks to complete. Results by the end of May?

[PennyMaker]

load up more.

[PennyMaker]

Our congratulations to Fred Kozak, the oil & gas analyst
at Haywood Securities who was just announced as one of
the top oil & gas analysts in the country. Some comments
he is making on a couple of junior oil & gas stories these
days are needless to say, moving some stocks.

Ironically one of those stocks is Candax Energy, who has
as one of its leaders―John Clarke, who was formerly (for
two years running) the number one oil & gas analyst in this
country….and then he ruined that to see if he couldn’t create
his own dynamic company.
What Kozak is saying about Candax is interesting, because
while he has a published target price of $1.25 it’s
posted as “UNDER REVIEW” and what he writes is: “We
have conducted a review of the upside potential from a successful
gas discovery at Chaal and find that a conservative
view of 200 bcf of reserves at Chaal would see an increase
in value to approximately $1.80 per share.”
“We note that the increase is based on existing proven
plus probable reserves that were evaluated using much
lower prices than the current commodity price environment.
Also Candax has additional upside from gas in Tunisia.
First, there is a possible reserves of up to 844 bcf at Chaal,
as well as the reserves potential from two deep Triassic
prospects at El Bibane……...Combined, the risked success
of all these prospects indicates a value of as much as $3.00
per share for Candax.”
Meanwhile, some comments Fred made yesterday on
Oilexco are equally interesting after the discovery on the Disraeli
block.
He writes, “Valuation: Our target price of $8.00 represents
a 3.5x multiple of 2007 before-tax fully diluted cash
flow per share (changed from after-tax). This is a conservative
approach, and we note that the upside potential is still
significant. We also note that other international producers
command multiples as much as 10.0x CFPS (cash flow per
share).

[PennyMaker]

Some comments on OIL and CAX

[PennyMaker]

cax接近短期的一个顶部1.7

[PennyMaker]

只是短期而已。天下没有永远上涨的股票，肯定会有回调。

[PennyMaker]

看明天的开盘后的表现.

短期的头部可能形成.

[PennyMaker]

1.55 an entry point

[PennyMaker]

1.54 loaded up

[PennyMaker]

OUT AT 1.58

THE MARKET IS WEAK.

[PennyMaker]

buy 1.38

[PennyMaker]

作者: Green888

I got 5K 1.34 this morning, very lucky.

1.4 as a interim bottom will be hammered out.

[PennyMaker]

CAX, a few oil stocks with green candle today. The whole sector is weak. Don't expect to go up soon.

[PennyMaker]

CAX UP. I guess the drilling results should be good.

[PennyMaker]

KEEP UP!!

[PennyMaker]

作者: flyguy

penny maker 你知道如果在E-TRADE没有加元而用加元买CAX的话,如何把美元转换成加元吗?多谢

如果是margin 帐户可以透支，如果用美元etrade会自动按当天的汇率转成加元，但我不建议这么作。因为有个汇兑损失的问题。

[PennyMaker]

today is good time to entry.