Very good quarterly in my opinion - much better than expected by me. Company is making good progress, no need for a capital raise (at least not soon), positive net operating cash flows, promising projects and pilots. The risk that Mr. Friedland takes CNQ private has reduced significantly imo. The share price does not reflect the positive development. This should change in the next months if the company moves further ahead (what I believe it will).
Hopefully a new CEO with good marketing and sales skills will be found soon. This should help to support the share price - the MC should be around A$40M minimum compared to some of our peers.
For me CNQ is a strong (spec) buy. No financial advice of course.
CNQ Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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