Cuervo Resources Inc CRVNF

Reserve Report

[cantle]

I have not followed Find Energy very long. Can anyone save me some time and tell me if this a positive Reserve Report or not. Is it similar to past reports. Is the company losing its reserve battle. Any reason for the fall in share value other than the fall of the price of oil and gas. It seems to have fallen more than other energy stocks I am following (percentage). Thanks for anyone's comments.

[newtonboy]

IMO Find is very-well managed and has good potential. However I believe it is over-priced considering their present proven reserves. This is supported by comparing FE to other juniors with similar or greater reserves or production (Oilexco, CLL, UTS, AEN ect). The fact of their low number of shares issued is very positive.

[jamieb3]

"IMO Find is very-well managed and has good potential. However I believe it is over-priced considering their present proven reserves. This is supported by comparing FE to other juniors with similar or greater reserves or production (Oilexco, CLL, UTS, AEN ect). The fact of their low number of shares issued is very positive." FE has a PE of about 32. Oilexco has a PE of about -32

[dgh7]

I sold 2,000 FE @ $10.19 in Jan 6th but will hold my last 3,000 FE until it is merged or acquired. Will probably buy back those 2,000 if there is another significant correction. I find that the charts look just fine: FIND ENERGY Intraday chart: price and volume. FIND ENERGY One month chart: price and volume. FIND ENERGY Six months chart: price and volume.

[newtonboy]

jamieb3 said: To try and say that FE is expensive in relation to any of these four companies is laughable. None of them even has earnings! You are correct by saying none have any (significant) earnings. this will soon change. Lets see which would give you the greatest return on a $10 or $20k investment by next quarter. My point is I can get more bang for my buck buying the less expensive high