Topic: How To Invest

Hi, Pat: What do you think of Cardiff Energy? Thanks.

Article Excerpt

Cardiff Energy, $0.16, symbol CRS on Toronto (Shares outstanding: 31.0 million; Market cap: $5.0 million; www.cardiffenergy.com), is a junior oil and gas exploration firm. It first sold shares to the public and began trading in April 2012. Cardiff holds interests in 15 producing oil wells, one producing gas well and three shut-in oil wells in the Lincoln County area of central Oklahoma. It also has holdings in other parts of the state, including seven producing oil and gas wells in the Garvin County area and interests in the Buzzard Sand oil property in Osage County. So far the company has very little production: in the three months ended June 30, 2014, it generated just $45,547 in revenue from its interests in the Oklahoma wells. Still, the shares have risen from just $0.05 in mid-June to today’s price. That’s when the company announced that it planned to drill a well on its acreage in Runnels County, Texas. This well, called Bearcat #4, reached a..