When you look at it, this really is a company made for 2008.
Here we are with oil at $100 a barrel and i notice in the West Australian that some are predicting $125 PLUS.
Also the fact is that oil companies are finding it harder to find oil...Much harder infact..
Then we have CVN . A little company that has gone from 300bopd early in 2007, and very much a speculative stock, and now has 10,000 bopd capacity, from a success rate of greater than 75% and it has only scratched the surface of the vast area it owns....
You Really have to think ,that this is a company for the times.
It has An sp of 74c,but with a valuation of 50% higher already been given by an industry expert, and we still have a very aggresive drilling campaign for the rest of 2008.
It also Could be on the cards for someone with big cash as a takeover..Not out of the picture at all in my view, and someone could pay a hefty some for the prime acerage that the jv own....
With turbulence in the markets bieng predicted for this year, it seems to me that this is exactly the sort of company that is going to thrive in 2008.
Hold on to your seats, because i think we are in for a great ride this year.
Cheers.
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