Cuervo Resources Inc CRVNF

RE: Reserve Report - FE "expensive"???

[jamieb3]

"IMO Find is very-well managed and has good potential. However I believe it is over-priced considering their present proven reserves. This is supported by comparing FE to other juniors with similar or greater reserves or production (Oilexco, CLL, UTS, AEN ect). The fact of their low number of shares issued is very positive." FE has a PE of about 32. Oilexco has a PE of about -32 CLL has a PE of about -77 UTS has a PE of about -653 AEN has a PE of about -12 To try and say that FE is expensive in relation to any of these four companies is laughable. None of them even has earnings! As far as the reserve report goes - the market says two thumbs up - way up. A combination of events has put natural gas at an almost all time low against oil. It isn't going to last. The shoulder season is currently priced in. We are on the verge of the summer rally.