Candax Energy Inc CXEYF

Same strategy -> CAX -> IAE -> Now maybe Antrim

[Resilience]

Only getting itchy a little bit over the delays. Otherwise CAX would have risen nicely and on time. I was actually ticked of a bit when thebid came on IAE, personally would be glad to see it fail. But even at these prices I would be a buyer if I had sufficient funds.

Now I hope to have a decent rise during the summer on CAX with some other stocks declining and making a nice swap.

My personal believe is that the oil rush will last for awhile but watch those alternative energy sources. They will kick in more & more at these prices but slowly. Also $ 150 and higher won't be sustainable for oil without affecting demand.

The thing about peak oil is that the prices are strenuous from the peak down - but demand decline and alternative energy sources will bring us below that declining curve every now and again. Dropping prices. Decline in India & China can make that drop sudden, remember the 4 mln striking trucks in India a few days ago? America is effectively bankrupt so we might see some oil effect there as well as consumers are scrambling to survive. Rocky roads ahead.

Therefore i do agree production now is gold - timelines are great but reality is they always get pushed backwards, especially the LT ones. Like Johnny OIL I see a nice flow and I would expand it:

Undervalued oil producers -> Imminent undervalued oil producers -> copper & gold stocks (copper will kick in big when oil prices dip: I also believe in peak copper) -> Zinc miners beaten to a pulp but with the ability to survive (this is more of a gamble but low zinc prices will reduce miners and create a shortage when economies kick back in).

Ride the Macro-waves. Not desillusions of the day. Be patient.

R.