Claritas Pharmaceuticals Inc V.CLAS.H

Sprott endorses Quetzal once again

[willibrich]

On BNN today at 3.15, Peter Hodson, senior portfolio manager for Sprott Asset Management, talks about some small cap investments. He pans Quetzel and points out that 
  1)  QEI has an excellent management team
  2)  QEI has a newly drilled discovery well in an area adjacent to some other huge discoveries
  3)   We will soon know the daily flow rate of this new discovery made by Quetzel

Thus he reckons that QEI has become somewhat less risky as a potential investment. However he points out that investors are wise to wait a number of years to let management do their job and improve shareholder value

I am thinking that Mr. Hodson's comments were responsible for today's increase in trading volume and share price. Sprott is a highly respected wealth management firm. They have one of the best track records for investing in the very challenging small cap space.

And remember that in Columbia, the low hanging oil fruit has been taken. Now the deeper formations are being tested.  This requires 3-D seismic data, big rigs, and alot more time and money.  

Companies to the north , south and west  of QEI have made significant finds in this part of the Llanos basin. Now it is hopefully our turn. We shall see.