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Kicking Horse Energy Inc. V.CEX



TSXV:CEX - Post by User

Bullboard Posts
Post by MEiffyon Oct 10, 2008 10:36am
486 Views
Post# 15519061

buying opportunity

buying opportunity

I believe we will be coming up to an opportunity to make some very good returns. That is buying shares under 10 cents.

Remember this company has some $5m in the bank and is producing oil. Their burn rate (cost to break even is low to none depending on the price of oil).

I anticipate that by the beginning of 2011, we will be seeing gas from the JV with Triangle. (30% of revenue after expenses)
 
We also have oil/gas opportunities of our own.

For me, it is a question of where is the bottom for oil/gas prices? As an indicator, I am looking for OPEC to come into the market and say they are cuting back on oil production to obtain a floor price.

What are your thoughts on this?

MEiffy
Bullboard Posts