RE: CAN has killed me! It's another Bre-X!!don't loose patience, I refer you to Daylight Energy. When their stock was beaten down to the $4.50s range and the other energy stocks started recovering, DAY continually gets hammered back to the $4.50s on any small rally. Yet management couldn't say a word or do any insider buying due to blackout. Then news came that Sinopec took them out for over $10 representing more than 100% return from where it was trading at -- it's definitely not fair that some people who wanted the deal to go through were probably trying to keep the stock down (they might have gotten details before the general market) so that it would look more impressive to shareholders who needed to approve the takeout. Just my opinion base on what I observed for couple weeks with DAY before they got taken out.
If you have some spare cash, take advantage of another stock that got beaten down by one seller. Crown Point Ventures (CWV on the venture, an oil company with no debt and cashed up to drill more than 20 wells in 2012). It will give you significant exposure to the prolific basin in Argentina where YPF made a billion boe shale discovery last week. Here's the reason why the stock has fallen and try to take advantage of the sell off:
https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30374777&l=0&r=0&s=CWV&t=LIST