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CONA RESOURCES LTD T.CONA

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."


TSX:CONA - Post by User

Post by nbastar1986on Sep 22, 2017 12:10pm
192 Views
Post# 26731192

My Oil and Gas recovery stock

My Oil and Gas recovery stock
Long term I hate oil but mid term there probably will be a recovery of some sort.

This is my pick (small position) for a recovery. Cutting the dividend was smart. Deleverage this baby and slowly grow with low decline rates.

This probably sells for easily over $4-$5 on a sustained recovery.

Down side might be another $1.5 at $40 oil.

Looks good.
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