Compass Venture Inc T.CVI.A

Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.

TSXV:CVI.P - Post by User

Compass Venture Inc

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Post by CalifDreamingon Apr 04, 2008 12:48pm

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Post# 14939234

GROSSLY OVERVALUED!!!

Simply unbelievable how tiny P2 reserves are. How on earth does this play trade at 20x earnings and 1.5x friggin NAV?

P2 is only 7.8MM bbls? Down 17% yoy? Criky. What the hell happened? I though last year's reserves were pathetic, but this year's are horrendous. All those workovers, drilling and reserves decline?

You guys better pray the granite basement holds something worthwhile or CVI is gonna drop 50% from here.

And how will the economics work with a measly 7.8MM bbls 2P? No wonder they're in no rush to build the pipeline.

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