GREY:CXEYF - Post by User
Comment by
luvplaneson Jun 12, 2006 10:02pm
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Post# 10979924
RE: CAX compared to other developing oil stocks
RE: CAX compared to other developing oil stocksHi Anchorcheck,
Always enjoyed your insight and your humour - even if some might take offense to it.........
Hard to compare other companies to CAX, this company is such in an infancy stage....Let the prove the reserves first- On the subject of Kazakstan, I for one am not too much worried about the government overthere - If I recall correctly, their should be stability as far as government goes, as they have close to 5-6 years to go before an election - Obviously, they have alleged corruption over there but at least it will be stable corruption........
I take for example Petro-Kazhakstan (who got sold in 2005) and last week Canada Nations Energy was reported being sold for 2.2 billion dollars to the Chinese (they are producing close to 48000 bopd).
I think it bodes well for the future for Caspian Energy (CEK)and Arawak Corporation (ABG). I bought a lot of both and sold for 40-50% profit in a short span. I do not own any now but will re-enter when momentum feels right. One likes to look at the risk outhere (globally), but it is so hard to find out to find out which country is the less crooked but, Hey, we got to take chances somehow.
Cheers