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Posted by: GigaBubble (IP Logged)
Date: October 25, 2010 02:26PM
Chart looks good on this. Can some of this forum's many GOM experts please write articles about it's fundamentals. Thanks.
Stocks Discussed: CIE,
Posted by: CanadianValue (IP Logged)
Date: October 26, 2010 11:04AM
I wrote a couple of times, not in great detail. This is the only article I can find, you might want to skim my others.
The jist of Cobalt is that they have acreage in the GOM and off Africa that contains structures that could be enormous. Up to 8 billion barrels of potential. But until they actually drill holes and log reserves it is pretty hard to know what they will actually find.
This isn't like buying acreage in a known play like the Bakken or Marcellus. Exploration risk exists.
Could be a huge homerun, a bust or anything in between. Almost impossible to value.
Stocks Discussed: CIE,
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