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Author Topic: CAK- Camac Energy
The Bigfoot
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Haven't posted a pick for a while so I thought I put one out. Note***she has to prove she can break above current resistance before I'd put more cash in her but if she does she should be good for some strong growth

What's driving the renewed interest?

Bottomed out beginning of October.

3rd Q results due Nov. 9

Rumor of new drilling project on the oil lease in Nigeria to be announced around that date.

Share structure
155 M Out
roughly 60% of that (90M) held by insiders.
4.3 Mill short interest as of 10/15

Cash flow ain't great and current well not performing as promised but have rights to some prime property.

Here's the chart:

http://stockcharts.com/h-sc/ui?s=CAK&p=D&b=5&g=0&id=p64576695469

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No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
The Bigfoot
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Had a two day profit taking pull back and starting to move again

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No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
The Bigfoot
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Out of Camac for now until they release the drilling program they have promised by the end of the year.

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No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
   

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