RE:TheDaveOil/Anyone - Investor Resources
You were lucky that you bought CNE because of the DaveOil because most " investors" on this board have put Dave under his many names on ignore. He adds nothing to the board and has no idea about oil production or exploration companies. I have been buying and selling this stock for many years and now have a new postion of 160,000 shares with most of the shares purchased this spring. My initial position was 1,200,000 shares at $ 0.18 that I sold at prices ranging fron $ 0.60 to over $ 1.80 for an 8 bagger. Started buying again at $ 6.00 and averaged down to $ 4.25. With what CNE have in land, prospects, and the wells to be drilled by majors the outlook is excellent. The main risk is oil pricing and country risk since the FARC problem has still not been solved. If this problem was solved the Chinese company would drill up the Capella field and be producing at least 50.000 BOPD which would give CNE another 5000 BOPD.
I am looking forward to the next 6 months and would' not consider selling any shares until the stock price is over $ 10,00 .
They have great management in spite of what some people think and have the right approach of getting large land positions long before the majors get involved. A normal idea for bright oil company executives but I think this bunch is near the head of the class. Do not pay much attention to the chartists since I have never net a rich one in my 50 plus years of investing. glta