Cuervo Resources Inc CRVNF

Too $oon

[duckhouse]

I sure hope some one else comes to the dance, I think by bailing out before Christmas we are giving up $3 - $4 a share. NOT what I have been holding this long for! If not a bail out it is not far from it, unless you/they think gas prices get worse or do not rebound by the end of the year. dhouse

[jamieb3]

We do know that Find has a miserable track record in terms of predicting gas prices. They would not hedge at $15 - presumable they thought it was going up from there - and they called a bottom 6 weeks ago? Intersting that they would structure a buyout with gas lower than they thought it was going. A shame to see such a promising business which is off to such a good start get taken out for a

[jake1444]

While I may agree that the company sold too soon, the price they got is more than fair when you look at $25.87 per 2P reserve and almost $85,000 per flowing BOE in a depressed NG market. I would have liked to see them drill for another year or two and then sell.