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Crown Point Energy Inc V.CWV

Alternate Symbol(s):  CWVLF

Crown Point Energy Inc. is a Canada-based junior international oil and gas company. The Company is involved in the exploration for, and development and production of petroleum and natural gas in Argentina. The Company’s projects include Cerro de Los Leones, Tierra del Fuego and Chanares Herrados. It has a 100% working interest in the 101,208-acre Cerro de Los Leones Exploration Concession located in the Neuquen Basin. It has a 34.74% non-operating working interest in the Rio Cullen, La Angostura, and Las Violetas Exploitation Concessions in the Austral Basin of Tierra del Fuego, representing a total of 489,000 gross acres (169,880 net acres). It has a 50% non-operating working interest in the Chanares Herrados Exploitation Concession in the Cuyano Basin, representing a total of 10,057 gross acres (5,029 net acres). The Company’s subsidiaries include CanAmericas (Argentina) Energy Ltd. and Crown Point Energia S.A.


TSXV:CWV - Post by User

Bullboard Posts
Post by STVPon Nov 15, 2011 1:48pm
165 Views
Post# 19238790

Argentina

Argentina

For those who think the repatriation announcement by the government is an issue, just look at how BOE has already recovered.  I remember the same day the news came out, BOE was one of the stock that really took a hit but since the YPF announcement, BOE is making new highs on big volume.  It's only a matter of time before CWV start making new highs as well. The Morgan Stanley seller is a big over hang on the stock since the repatriation announcement otherwise CWV would have also been making new highs on the YPF announcement. Once this Morgan Stanley seller is done, CWV should spike as there will be little selling left given there are only 54.7 million shares to be had.

Bullboard Posts