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.