GREY:CIMVF - Post by User
Comment by
turron Dec 02, 2006 1:24pm
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Post# 11792984
RE: Capcove's numbers
RE: Capcove's numberscapcove, you said
"If they get ST2 producing, design a twin for PAP#1 with less water and start drilling Shoal Point, do some 3D and poke a few holes in Alberta a $200 million dollar company is not unreasonable."
Yes that's true. But if they strike oil at Shoul Point, which is a very good posssibility from what i've read, and the reason most of us are here, then those numbers go in the thrash and this thing goes to the moon. Then they have oil in 2 locations and all of a sudden the rest of their properties become very valuable and the whole world wants in. Which brings me right back to the present and why most of us are here. It has little to do value and more to do with potential and spectulation, fear and greed. And i say greed will rule the day until the numbers start to come in. And the fear that people have of the sp going down will always be surpassed by the fear of not being in until
we get the numbers.
The great thing this time around is that the price of oil is 4 times what it was back then. That fact alone will almost balance out the 212 mil. shares and 40% factor, with a bonus, this time they know what there doing, have a lot more knowledge and good partners to help them move on with the project if some setbacks are encountered.
ps...'fear and greed' what a prime example of that we saw this past week ..lol