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Canadian Oil Recovery & Remediation Enterprises Ltd V.CVR.H

Canadian Oil Recovery & Remediation Enterprises Ltd. is a Canada-based company, which provides full cycle oil waste management solutions to the petroleum industry. The company’s operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by Company through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II. The Company’s primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). The Company has three wholly owned subsidiaries, CORRE Inc., BDE Properties Inc. and Mentra Life Sciences Inc., which are located in Toronto, Ontario.


TSXV:CVR.H - Post by User

Post by Ethanbrodieon Feb 18, 2014 1:42am
316 Views
Post# 22218649

first time posting

first time postingI have been in this stock for quite some time... about a year and a half ago. I believe alot of people have lost fait (I can definately see why) and sold out. For the most part, I think its tough because management has been expanding services, and bidding on more potential work, but to get these big contracts is a lengthy process. I emailed management about 2 months ago and asked if the next two months they could see some contracts being awarded. They did say there were a few.. but I guess STILL no news. I suspected it. I wonder sometimes if CORRE is too small for them to get a large sized contract. They are partnered with a larger entity but still.. Another question I have is if there was a large contract awarded, how much cash do they have to mobilize equipment? To come to think of it, i'm doing to email and/or call them tomorow. 

That is all for now
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