C&C Energia Ltd T.CZE

Low volume?

[oilsyd]

I bought some CZE today for the following reasons:

a) It has a decent growth production profile

b) It is a Colombian play

c) It is really cheap at 5x current earnings

Does anyone know why there is such a generally low volume?

Cheers

OilSdy

[oilsyd]

I sold today to pursue other opportunities.

[CalifDreaming]

You sold CZE?  At these levels?  To buy what?   CZE is one of the cheapest light oil plays around.  And is just starting its most significant/high impact drilling campaign in its short history.   Could double or triple reserves this year.  All debt free, cashed up and self-funding.  CZE is a buy at current prices.   But volume remains pitiful.  CZE

[oilsyd]

CaliforniaDreaming Your response made me laugh.   I agreed with everything you said but I saw it rise 25% in a short period of time and decided to take profit.  Since then it has gone up even more, but I do not regret my decision.  Taking some profit is just as important as buying low and I take my hat off to those who can do that better than me.  CZE is cheap based

[CalifDreaming]

I can understand taking profits - congrats on a nice trade.  But to say CZE is high risk is far-fetched.   CZE is cheap on current production/cash flow metrics - one of the lowest around, so buying here offers excellent value (even though its up $3+ since the crazy summer/fall sell off.  Plus you are exposed to potential to double or triple reserves from self-funded production

[Darwyn]

I too really like this story and while I don't have a position, the balance sheet and the potential is quite compelling. Nice little bump in the last couple of weeks. As I look at this stock a couple of things are concerning. As mentioned earlier this stock is very thinly traded and the lack of liquidity makes it difficult to get in or out. Secondly transportation of the liquids by way of

[oilsyd]

Well I bought back in today.  No I was not planning on the stock to drop so much but since it did on bad news, I took advantage.

[Darwyn]

Wrong site spammer !