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.
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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Candax Energy Inc.(CAX-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Candax Energy Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Candax Energy Inc.(CAX-T) Frequently Asked Questions

What is Candax Energy Inc. stock symbol?

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

Is Candax Energy Inc. a buy or a sell?

In the last year, there was no coverage of Candax Energy Inc. published on Stockchase.

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 help on deciding if you should buy, sell or hold the stock.

Is Candax Energy Inc. worth watching?

In the last year, there was no coverage of Candax Energy Inc. published on Stockchase.

What is Candax Energy Inc. stock price?

On , Candax Energy Inc. (CAX-T) stock closed at a price of $.