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Bullboard - Stock Discussion Forum C&C Energia Ltd T.CZE

TSX:CZE - Post Discussion

C&C Energia Ltd > Another good quarter.
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Post by CalifDreaming on Nov 13, 2010 2:45pm

Another good quarter.

$9.7MM profit Q3, but that will likely fall when they run out of tax loss carryforwards. 

But the balance sheet looks excellent.  Raising '11 capex guidance to $130-$140MM, mostly self funded from current cash flow is a pleasant surprise.

Couple with significant upside potential looking for 40MM bbls "risked" reserves in '11 vs current 12MM bbls 2P and CZE remains a low risk, relatively high reward play.
Comment by thedave2006 on Nov 18, 2010 4:09pm
so far the tradeoff between C and C Energia and Daylight is working.....dave.
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