, Tracking Stock Market Picks
Enter Symbol:
Cano Petroleum, Inc. (CANOQ) [hlAlert]

down 99.67 %

Cano Petroleum, Inc. (CFW) rated Buy with price target $6 by Canaccord Adams

Posted on: Wednesday,  Apr 16, 2008  11:25 AM ET by Canaccord Adams

Canaccord Adams rated Buy Cano Petroleum, Inc. (OTCBB: CANOQ) on 04/16/2008, when the stock price was $4.60. Since
then, Cano Petroleum, Inc. has lost 99.67% as of 07/20/2012's recent price of $0.02.
If you would have followed this Canaccord Adams's recommendation on CANOQ, you would have lost 99.67% of your investment in 1556 days.

Cano Petroleum, Inc. (Cano) is an independent oil and natural gas company. The Company?s assets are located onshore United States in Texas, New Mexico and Oklahoma. Cano?s proved oil and natural gas reserves as of June 30, 2009, were prepared by Miller and Lents, Ltd., international oil and gas consultants. As of August 28, 2009, the Company had 17 wells containing multiple completions. As of August 28, 2009, it had total acreage of 55,847 gross acres and 55,247 net acres, all of which was considered developed acreage. Cano sells its crude oil and natural gas production to several independent purchasers. During the fiscal year ended June 30, 2008, 10% or more of its total revenues were attributable to fiver customers accounting for 32%, 18%, 15%, 13% and 10% of total operating revenue, respectively. On October 1, 2008, Cano completed the sale of its subsidiary, Pantwist, LLC, to Legacy Reserves Operating L.P. On December 2, 2008, it sold its interests in the Corsicana Properties.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/16/2008 11:25 AM Buy
4.60 6.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
RSS Feed | |  Facebook |  Twitter |  Google Plus
Home | Terms of Use | Advertise | FAQ | Support Page | Contact Us | About Us | Privacy Policy