Celtic Exploration Ltd CEXJF

easy double.....

[teevee]

CLT is an easy double, either by takeover or by the drill bit, and considering the Resthaven results, it won't take long.

[retiredcf]

Not sure about a double but RBC have just raised their price target to $34.00.

[teevee]

Assuming Resthaven keeps delivering, as more wells are drilled, completed and tied in, the production will increase and the price targets will be incrementally moved up quarter by quarter.

[raggetyjack]

Dilution takes down value but the inventory will keep it at new levels until more wells aredrilled out. If only natural gas can take a turn this will be worth a lot more than current levels. Not surewhat a takeover price would be given large land base without being proven out yet at Resthaven.... Maybe 40 to 45 range I suspect.The 172 million financing is a hedge to all those shorting the stock

[teevee]

The real net short position is trivial and likely well under 100,000 shares. The  reported short position is mostly part of synthetic derivatives.