My thoughts exactly - and CVI is a good dreamers stock - helps me get to sleep at night with thoughts of all these leases in full production with a div of 30 cents twice a year...
;-)
As far as farm-in goes I would imagine that CVI would end up with about 30% after they sell the cost and risk to set up to a major - not bad if we get offshore ground with the possibility of hundreds of millions of barrels of oil plus.
30% of the profit from 100,000 barrels a day would be a decent headliner!
As you say, conjecture and dreaming are part of the fun in the spec end of the market...
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
