Opinions
Josef Schachter
Candax Energy Inc.
CAX-T
DON'T BUY
Apr 04, 2008
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.
$0.780
Stock price when the opinion was issued
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gas
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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.
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