Candax Energy Inc. (CAX.TO) Buy, Sell or Hold

Candax Energy Inc. (CAX.TO)

0.00

-0.00 (0.00%)

3 watching

DON'T BUY

Had a bounce recently because of their production from the El Bibane field, which was having some problems. Tunisia is a tough basin and they did not have the success expected on the gas and oil. He is sceptical on Tunisia.

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DON'T BUY

Involved in Tunisia. The drill bit has not really cooperated the way people thought it would. Still waiting for news on a number of their plays.

DON'T BUY

Caller: They just completed #2 injection well and are completing #3 production well. Estimated that 3000-4000 barrels a day will be produced. Ken - Chart shows an uptrend earlier in the year, followed by a pullback in August and is now basically sideways. It will become an uptrend if it breaks through its highs.

COMMENT

Starting to drill again in Tunisia. Having a tough time because the Chaal operation didn't work as expected. If they can get the volumes up, it could get back up to $1.00.

BUY

Speculative. Has $.30 in cash. Have been hit with an operating issue, but feels that the reserves are still there and will get at it. Very cheap.

DON'T BUY

Not on his stock watch list. Prefers sectors that are out of favour and then cherry pick. Not a lot to pick from in the energy sector. As a contrarian, would not buy at this time.

DON'T BUY

Very speculative stock with a lot of people watching the drill results. Not his favourite company.

BUY

The cost of finding oil for them is very cheap. Had a couple of unsuccessful wells which took the stock down last year. Likes the management and they have the money.

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Showing 1 to 8 of 8 entries

Candax Energy Inc. (CAX.TO) Frequently Asked Questions

What is Candax Energy Inc. stock symbol?

Candax Energy Inc. is a OTC stock, trading under the symbol CAX.TO (previously CAX-T on Stockchase) on the undefined (undefined). It is usually referred to as or CAX.TO

Is Candax Energy Inc. a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on CAX.TO (previously CAX-T on Stockchase) on Stockchase. Read the latest expert commentary for Candax Energy Inc..

Is Candax Energy Inc. a good investment or a top pick?

Candax Energy Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Candax Energy Inc..

Why is Candax Energy Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Candax Energy Inc..

Is Candax Energy Inc. worth watching?

Candax Energy Inc. is covered by Stockchase experts and is worth watching.

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Candax Energy Inc. (CAX.TO)