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Cobalt International Energy, Inc. Message Board

  • netstockreader netstockreader Dec 23, 2011 11:43 AM Flag

    Presentation

    From 11/15/11 Presentation: Last Page

    http://ir.cobaltintl.com/phoenix.zhtml?c=231838&p=irol-presentations

    We are focused on the drill bit execution of our West Africa
    and Gulf of Mexico prospects with numerous potential
    catalytic events over the next 18 months.

    We believe that our portfolio has the potential to provide
    extraordinary shareholder leverage through the discovery,
    appraisal, development and production of our existing
    assets.

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    • Continued pumping won't take this any higher for now. The techicals have ALL turned down, as one would expect from being up 60% in one week. Year end selling is going to take a bite out of this, especially in first week of 2012 when people or funds with big gains sell it off and let the gain hit their 2012 return. Some selling next week will be from holders who have net losses for the year and thus can shelter their gain in 2011.

      Mid January ought to be a good time to open or add to a long position, IF you think these guys can ever get some serious production out of the ground.

 
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