re: just bought some CPC today... I think they are undervalued...

re: just bought some CPC today...

I think they are undervalued based on the Jefferson-Mcleoud area alone - the 3 wells flowing to produce $7.3 million free cash flow at their current market capitalisation of ~$60 million has me undervalue them by 15-20% without considering their other leases - with these other leases, any other holes that flow gas into a pipeline automatically add more value to the company.

$8 million cash in bank, debt free. Plenty of lease area with more wells to be drilled, it looks good.

Hopefully I'll get returns similar to OPL from this one.

Would you be able to send me the broker report to [email protected]? I'd appreciate it, thanks.