GREY:CXEYF - Post by User
Post by
Malahaton May 30, 2008 10:50am
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Post# 15126938
No mercy
No mercyThe market is showing no mercy to Candax, even in the face of a pretty good news release. The long delays in erecting the second production platform are over, and the rest of the required activities are less weather dependent. The first infill well at Ezzaouia is spudded. Big oil lift accomplished! $$$ And as I type this CAX is down a penny. It seems likely now that we won't see much of an increase in SP until they deliver quarterly financials with good profitability. Then the bean counter analysts can divine that the P/E ratio and earnings growth point to a spectacular profit opportunity. Patience Grasshopper.........