Petro One Energy Corp CUDBF

Cannacord Viking Coverage June 23, 2011

[hiker1]

After a run as we've  had the past couple of days,  the timing is perfect for those who wish to take a position,  to convince fellow investors that anything that runs this hard has got to correct, which is true and to expected,  but not for the reasons they suggest.    There is nothing wrong here with managment,  IR personnel,  property or well potential,  etc.   The only thing wrong here is the same old same old;  bashers wishing they had heard or listened to the story a month ago and now looking for an opportunity to grab some shares.  

This stock is so tightly held with insiders and family holding 60%,  that you might as well deem it a private company with purchasing stock by invitation only!    Great managment,  properties, potential and tight share structures with good cash flow don't come around that often and when they do,  its a HOLD and accumulate on the dips.

I was reading the Cannacord June 23rd, 2011  re VIking -Central Alberta overview and here is just a little excerpt from it......

"When one considers that government studies estimate 2 billion barrels of oil in place within the upper Viking member (the lower Viking member could be as large or larger), recovery rates under primary well development could be 5-10% range; however, waterflood could provide for long term recovery rates in the 20-30% range.

Assuming the upper and lower members hold a total of 6 billion barrels,  the incremental oil potential under waterflood, could be in the 1 billion barrel range, which represents a material long term prize for industry.  "

JMHO