Well I have done a fair bit of research on cooper now and am comfortable to be holding.
The chart looks flat at 50 cents still however I think market is just needing announcements and the fact oil prices are also flat.
I'd rather see the chart go sideways for an extended period of time than gradually down. I think the market says cooper as a potentially $1 plus stock. Production of 300,000 barrels, and international expansion will add some serious value to shareholders. Management seems to be very solid aswell.
I am holding at the moment, and intend to for the next 3 years as 2007 will be a twilight year for cooper. They are on the verge of what the other small cap oil producers have been through. They just need some backing.
Cooper is significantly undervalued according to aspect models, and is trading on very low PE multiples under 10.
good luck.
Nexus is also a belter of a stock.... NXS...
The chart looks flat at 50 cents still however I think market is just needing announcements and the fact oil prices are also flat.
I'd rather see the chart go sideways for an extended period of time than gradually down. I think the market says cooper as a potentially $1 plus stock. Production of 300,000 barrels, and international expansion will add some serious value to shareholders. Management seems to be very solid aswell.
I am holding at the moment, and intend to for the next 3 years as 2007 will be a twilight year for cooper. They are on the verge of what the other small cap oil producers have been through. They just need some backing.
Cooper is significantly undervalued according to aspect models, and is trading on very low PE multiples under 10.
good luck.
Nexus is also a belter of a stock.... NXS...