Candax Energy Inc CXEYF

Future still looks good

[OceanRanger1]

Well the worst case scenario has struck this company again but this is not time to panic - all the current issues will be solved. I was well aware that the El Bibane field had issues and my early posts used the exact wording chosen by the company now. The big question was how much production could be brought back on-line with a "band-aid solution". The answer is obvious now but Geo just happens to be the company that is hired by other oil and gas companies world-wide to solve the problems we have with our current asset portfolio.

I haven't sold a single share and my current holdings are 495,000 shares at approx 12c average cost. Guess what I haven't lost a dime yet because I haven't sold a single share. 

Barring the 27% dilution still hanging over our heads I still see 50c within 1 year and $1+ within 2 years. My position is full and my confidence unshaken. I am holding long and strong on Candax.

Even if the 87 million warrants are exercised we get some cash and it still leaves a 35c target in my opinion. I could be wrong but I don't think so.

The real prize is still in the longer term. I am not here to clip a few pennies so I will wait for it.
 
This stock will be weak now until we get some positive news but it will run quickly when it comes and it will come.


Run baby run!


OceanRanger


P.S. I haven't been posting lately because I just bought a 2010 Camaro SS ii and I've been too busy racing around in the sweetest ride I've ever owned.
 
Black on black of course, 426 horsepower. 6 speed manual transmission, 13 seconds in the quarter mile. I feel like a teenager again until I look in the mirror. I've logged 2000 kilometers in a week without a scratch or a ticket and I am using all the horsepowers often. 

A Porsche Carerra pulled up beside me at a traffic light downtown - rolled his window down and said wow what a nice car you have. The Carerra is worth 3 times what mine is worth but apparently there are only 11 other SS ii's in Vancouver so I am attracting alot of attention. I was invited to a car show too. Vroom Vroom gotta go now. Slower traffic keep right.