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CIE
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,
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Re: CIE
Posted by: CanadianValue (IP Logged)
Date: October 26, 2010 11:04AM



Hi,

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.

http://valueinvestorcanada.blogspot.com/search/label/Cobalt%20International%20CIE

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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