Cano Petroleum erreicht völlig neues Level - 500 Beiträge pro Seite

[HelddesAlltags]

Mahlzeit, wollte mal einen Thread zusammenstellen, indem Informationen zu Cano Petroleum (A0B5TJ) zusammengeführt werden. Die Aktie hat in den letzten zwei Wochen einen fulminanten Satz gemacht und verdient imho deshalb mal verstärkte Aufmerksamkeit. Bisher so gut wie gar nicht gepuscht bzw. es gab ein paar Artikel in renommierten Zeitungen wie der FAZ und FTD ...

erstmal der Chart:



und hier die News, die für den Kurssprung verantwortlich sind:

Cano Petroleum schließt Übernahme von WO Energy im Wert von 55 Millionen USD und Finanzierungskredit über 115 Millionen USD ab

FORT WORTH, Texas -- (BUSINESS WIRE) - 30. November 2005--

Der technische Bericht von einer dritten Partei durch die Börsenaufsichtsbehörde schätzt den PV10 der nachgewiesenen Reserven von WO auf USD 287.807.000

Cano Petroleum (Amex: CFW/WKN: A0B5TJ) kündigte heute an, dass die Übernahme von WO Energy aus Pampa, Texas (" WO" ) im Wert von USD 55.240.000 abgeschlossen wurde. Nach der Übernahme und auf der Grundlage von Canos SEC-Jahresabschlusspreise von USD 56,54 für Öl und USD 6,80 für Gas stieg die PV10-Bewertung von Canos nachgewiesenen Reserven von USD 59.551.000 auf USD 347.358.000. Infolge der Übernahme wuchsen Canos nachgewiesene Reserven von 5.523.000 Barrel Öl auf 40.020.000 Barrel Öl. Auf der Grundlage von ca. 26,9 Millionen Umlaufaktien führt die Übernahme zu einem PV10-Wert an nachgewiesenen Reserven (ohne Schulden) von USD 11,24 pro Aktie.

Die Tagesproduktion der Firma wird von ca. 400 Barrel Öl pro Tag auf ca. 1.200 Barrel Öl pro Tag ansteigen. Mit dieser Übernahme erwartet man einen Anstieg von Canos Betriebseinnahmen (ohne Betriebsausgaben für Pacht, Produktionssteuern und Schuldendienst) auf ca. USD 800.000 pro Monat.

Die für WO gezahlten USD 55.240.000 verteilten sich wie folgt: USD 2.000.000 Baranteile, USD 8.240.000 an eingeschränkten Cano-Aktien, USD 30.000.000 vorrangige Schuldenfinanzierung und USD 15.000.000 an nachrangigen Schulden. Die 1.791.320 eingeschränkten Aktien, die für die Transaktion verwendet wurden, waren am Markt ausgegeben und sind gemäß Regel 144 auf ein Jahr eingeschränkt und unterliegen darüber hinaus weiteren Verkaufsbedingungen. Der Verkaufspreis wurde mit USD 5.240.000 Inventar und Ausrüstung zugeordnet und mit einem Saldo von USD 50.000.000 den zugrunde liegenden Vermögenswerten an Öl und Gas, was in eine Zahlung durch Cano von ca. USD 1,45 pro nachgewiesenen Barrel Öl resultiert - einer Zahl, die vergleichbar ist mit Canos bisherigen Übernahmen, aber wesentlich geringer als die Zahlen, über die im Zusammenhang mit kürzlich stattgefundenen Übernahmen in diesem Industriezweig berichtet wurde.

Die Vermögenswerte von WO liegen im Panhandle-Feld, das aus 480 Förderbrunnen, 40 Brunnen zur Wasserentsorgung und 380 stillliegenden Brunnen auf ca. 80937 m2 in den Counties Carson, Gray und Hutchinson im texanischen Panhandle ca. 72 km im Norden von Amarillo besteht. Die Übernahme beinhaltet 10 Aufwältigungsanlagen, Firmenfahrzeuge, Kompressoren und zugehörige Ausrüstung. Das Feld produziert für WO derzeit ca. 800 Barrel Öl pro Tag Netto bestehend aus 55% Öl (40 Gravity) und 45% Gas (2.000 MMBTU) aus Formationen an Braunem Dolomit und Granite Wash-Sandstruktur in einer Tiefe von ca. 1200 m. Betriebsausgaben für Pacht liegen ca. bei USD 14 pro Barrel Öl.

Cano schätzt, dass die WO-Vermögenswerte über 600.000 Barrel Öl des ursprünglich vor Ort vorhandenen Öls (OOIP) ausmachten und bis heute ca. 90.000.000 Barrel Öl durch die Hauptproduktion erzeugt worden ist. Der technische Bericht von Forrest Garb & Associates (Canos unabhängiger Ingenieur) schätzt, dass die WO-Vermögenswerte ca. 34.497.000 Barrel Öl an nachgewiesenen Reserven ausmachen und sich aus 5.100.000 Barrel Öl an nachgewiesenen produzierenden Reserven und 29.397.000 Barrel Öl an nachgewiesenen unentwickelten Reserven zusammensetzen, die durch Wasserflutung gewonnen werden können, wenn man von den Ergebnissen von vier vergleichbaren Feldern mit den gleichen Gesteinsformationen ausgeht. Forrest Garb schätzt den PV10 der nachgewiesenen Reserven von WO auf USD 287.807.000. Cano schätzt, dass es noch bis zu weitere 63.000.000 Barrel Öl an wahrscheinlichen/möglichen Reserven sein können, die mit verbesserten Gewinnungsraten und EOR-Methoden, wie z. B. CO2-Flutung, erzeugt werden können, was die geschätzte Gesamtsumme aller WO-Reserven - nachgewiesen und wahrscheinlich/möglich - auf 97.497.000 Barrel Öl bringt.

Cano bewertet eine Investitionsaufwandsstrategie für die WO-Vermögenswerte ähnlich dem zuvor angekündigten Vermögensentwicklungsplan für die anderen Felder. Der Plan wird aufgestellt werden, um die laufende Produktion noch vor dem erwarteten zukünftigen Anstieg aufgrund von Wasserflutung oder EOR zu erhöhen.

Der Finanzierungskredit besteht aus vorrangigen und nachrangigen Schulden. Die vorrangige Schuld, ausgegeben von der Union Bank of California (UBOC), beträgt USD 100.000.000 an Dispositionskredit, von dem USD 30.000.000 an sofort verfügbaren Fonds für die WO-Übernahme verwendet wurden. Dieser vorrangige Dispositionskredit hat eine Laufzeit von vier Jahren ohne Hauptzahlungen bis zur Fälligkeit und unterliegt auch anderen Geschäftsbedingungen. Der Zinssatz ist an den LIBOR gebunden plus 1,75 - 2,25% und wird jährlich angepasst. Zinsen werden vierteljährlich gezahlt. Die USD 15.000.000 an nachrangigen Schulden, ausgegeben durch Energy Components SPC und Union BanCal Equities, Inc., haben eine Laufzeit von fünf Jahren ohne Hauptzahlungen bis zur Fälligkeit und unterliegen auch anderen Geschäftsbedingungen. Der Zinssatz ist an den LIBOR gebunden plus 6,5% und wird jährlich angepasst. Zinsen werden vierteljährlich gezahlt. Der " vermengte" Satz des ersten Jahres für die vorrangigen und nachrangigen Schulden beträgt 8,2%.

Als Teil der Finanzierungskonditionen werden 830 Barrel Öl pro Tag der Cano-Produktion mit einem Mindestpreis von USD 60 pro Barrel Öl im Jahr 2006 gesichert. Der faire Mindestpreis für 2007 und 2008 beträgt USD 55 pro Barrel Öl. Der auf drei Jahre festgelegte faire Preis hat keine Obergrenze, die das Aufwärtspotenzial bei einem Ölpreisanstieg begrenzen würde.

Jeff Johnson, Vorsitzender und Geschäftsführer von Cano: " Diese wertvolle Übernahme und der Abschluss des Dispositionskredites über USD 115 Millionen zeigt die Verpflichtung und die Fähigkeit unserer Geschäftsleitung Canos Geschäftsstrategie zu verfolgen, voll entwickelte, auflandige U.S.-amerikanische Vermögenswerte zu übernehmen, die ein bedeutendes Aufwärtspotenzial durch sekundäre Gewinnung (Wasserflutung) und verbesserte Ölrückgewinnung (EOR) aufweisen. Wir werden weiterhin verstärkt diese Strategie verfolgen und werden dies so lange tun wie es Gelegenheiten gibt wie sie sich im Falle von WO darstellen.

ABOUT CANO PETROLEUM:

Cano Petroleum, Inc. ist ein in Texas ansässiger, Energieproduzent mit Grundbesitz in der mittleren Kontinentalregion der USA. Unter der Leitung einer erfahrenen Geschäftsführung konzentriert sich Cano in erster Linie auf erhöhte Produktion im Inland aus alten landwärtigen Öllagerfeldern unter Anwendung sekundärer und verbesserter Ölrückgewinnungsverfahren. Cano wird an der US-Börse unter dem Tickersymbol CFW gehandelt. Weitergehende Informationen finden Sie unter www.canopetro.com.

Informationen hinsichtlich zukunftsbezogener Aussagen: Abgesehen von in dieser Pressemitteilung enthaltenen, auf die Vergangenheit bezogenen Informationen sind die Aussagen zukunftsbezogene Aussagen in Übereinstimmung mit den Safe Harbor-Vorschriften des Private Securities Litigation Reform Act von 1995. Zukunftsbezogene Aussagen beinhalten bekannte und unbekannte Risiken und Unwägbarkeiten, die unsere aktuellen Ergebnisse zukünftig von den vorausgesagten Ergebnissen erheblich abweichen lassen können. Diese Risiken und Unwägbarkeiten beinhalten unter anderem die Unbeständigkeit der Preise natürlicher Ressourcen, der Produktnachfrage, des Wettbewerbs am Markt und der Risiken, die unseren Transaktionen innewohnen. Diese und andere Risiken sind in unserem Jahresbericht auf dem Formular 10-KSB und anderen bei der Börsenaufsichtsbehörde (SEC) hinterlegten Aufzeichnungen beschrieben.

Sicherheitshinweis für Investoren - Die Börsenaufsichtsbehörde (SEC) gestattet es Öl- und Gasunternehmen in den bei der SEC hinterlegten Aufzeichnungen nur Reserven bekannt zu geben, die ein Unternehmen durch die aktuelle Produktion oder beweiskräftige Tests nachgewiesen hat, damit sie wirtschaftlich und rechtlich unter den bestehenden Wirtschafts- und Betriebsbedingungen erzeugbar sind. Cano benutzt in dieser Pressemitteilung " nicht nachgewiesene Reserven" , die die Richtlinien der SEC ausdrücklich in den Aufzeichnungen der SEC untersagen. Investoren werden dringend gebeten, auch die Veröffentlichungen in dem Formular 10-KSB von Cano für das am 30.06.05 abgeschlossene Geschäftsjahr mit einzubeziehen. Diese sind erhältlich unter der Rufnummer von Cano 800-769-7205. Dieses Formular ist auch bei der SEC erhältlich unter www.sec.gov.

Contacts

Cano Petroleum, Inc.
Craig Scott (Investoren), 800-769-7205
[e-mail]
oder
HWH Public Relations/New Media
Norman Iannarelli (Media), 203-856-3487
[e-mail]

[HelddesAlltags]

zusätzlich kam gestern das hier rein
besonders beachtenswert die Bewertungsmodelle:

Dear Wealth Daily Reader,

It`s was about 6:30 in the afternoon when Jeff Johnson took us to the Petroleum Club of Fort Worth across the street from his office.

The Petroleum Club is a private social establishment, steeped in history and old money...oil money. It`s about as " old boys` network" as they come.

You might see Pickens, Forrest Garb, or any of the big Texas oilmen sitting at a dimly lit corner table, with a snifter of Cognac, hammering out deals, or just relaxing after a day in the trenches.

Then, if you`re lucky enough to catch the right night, the doors close behind you...

This happened to be one of those nights.

You see, we had flown into Dallas earlier that morning. At the airport I met the Phantom Trader who flew in from Montana. There, we were greeted by one of the early-stage investors.

Jeff took the three of us to his offices in downtown Fort Worth. For the next 8 hours, Jeff told us about " secondary and tertiary oil recovery" and how old, abandoned oil fields in Texas were about to experience a resurgence.

He told us that there was a " buzz" about Texas oil he hadn`t heard in at least a decade.

Jeff is the CEO of Cano Petroleum (CFW - AMEX). And this meeting took place in July 2004.

During this meeting, Cano was still a young oil company, trading on the bulletin board for about $4.

Today is a different story.

The stock now trades on the American Stock Exchange and yesterday hit a high of $6.40 a share.

And the best might be yet to come.

Below is a report from the Phantom Trader regarding Cano`s latest acquisition. By the way, the Phantom Trader has been involved in Cano since it was trading at the high $3 levels.

It`s another example of his " little black book" plays, unknown stocks that deliver one thing: profits.

Sincerely,


Brian Hicks

P.S. It was during this meeting that Jeff and Phantom Trader convinced me Cano was the real deal. I recommended shares shortly thereafter to my members of New America Investor.


--------------------------------------------------------------------------------



Going Back for More: Cano Petroleum (CFW: AMEX, $5.97)
Regular readers need no introduction to Cano Petroleum.

Cano stunned the market this week with news of its $55 million acquisition of WO Energy and $115 million financing facility. This deal alone boosts production 200%, and proven reserves have grown by 700%.

And get this: A third party SEC Engineering Report gives the new proven reserves a PV10 value of $287 million.

(PV10 is the present value of estimated future net revenues to be generated from the production of proved reserves, determined in accordance with the rules and regulations of the SEC (using prices and costs in effect as of the date of estimation) without giving effect to non-property related expenses such as general and administrative expenses, debt service and future income tax expenses or to depreciation, depletion and amortization and discounted using an annual discount rate of 10%.)

Cano`s proven reserves increased in value from $59 million to $347 million. Those reserves grew from 5.5 million boe to 40 million boe, an incredible jump.

Based on Cano`s 27 million outstanding shares, the acquisition gives the company a PV10 value of $11.24 per share.

Daily production will be about 1,200 barrels, and operating revenues will be roughly $800,000 per month.

This is the incredible part. In fact, five oil patch veterans I spoke with this week were simply astounded by the figure: Cano paid approximately $1.45 per proven boe.

A steal!

Shares were up on big volume after the news, and I fully expect a revaluation over the coming weeks as news flows through to the institutional community.

Value?

There are three common ways to value an oil & gas deal.

Earnings
This is by far the most conservative method. Based on Cano`s news release, this acquisition will bring in $800,000 per month. This puts the company at about $10 million per year in earnings. So with 27 million shares out, that gives us a conservative figure of $0.30 per share in earnings.

Based on a simple 20 P/E multiple enjoyed by the non-growth majors, this gives Cano a value of $6 per share.

Keep in mind that this earnings impact is immediate and we`ll see numbers accrue this quarter. Also keep in mind that this type of valuation method doesn`t really apply to Cano, largely because of the massive upside in development of its producing properties.

Mid-line value
The company`s net PV10 is over $280 million. Average stagnant companies typically trade at a small discount to their PV10. Some trade higher.

A straight-line calculation here gives Cano an $11 per share valuation.

High-line, reserve-based
This method gives most companies between $10 and $15 per barrel of proven reserves. Cano has 40.5 million proven barrels, which equals $400 million, or $14.90 per share.

On the conservative side, analysts typically offer $10 per barrel of proven-producing reserves, plus $5 per barrel of proven undeveloped reserves.

Cano has 7 million proven producing, or ($70 million), and 33 million proven undeveloped ($165 million). Subtract $50 million in debt and we come up with $6.85.

This gives no value to Cano`s 80 million probable barrels of reserves, which are worth another $1 per share.

Right now we`re looking at, conservatively speaking, an $8 stock. But, and this is the reason we initially bought, there`s still 500% upside on the development of its probable reserves through enhanced recovery methods.

Cano`s management team is stacked with EOR specialists, and I think we can bank on a big part of those reserves moving into the proven and producing category.

We`re still looking at an excellent buy in Cano. And this thing is going to move fast.

If you`re new to the Cano story, I urge you to read more at the company`s website: http://www.canopetro.com/

In the meantime, I rate Cano a buy at current levels.

Sincerely,

Phantom Trader

[HelddesAlltags]

und hier mal das (ziemlich einzigartige) Geschäftsmodell des Unternehmens in kurz:

Cano Petroleum’s business model is well–focused, as is its
mission: to build shareholder value.

Cano Petroleum’s secondary and enhanced oil recovery model positions the company and its shareholders to capitalize on a tremendous opportunity in the energy sector. The company’s focus on mature onshore U.S. oil fields eliminates many of the risks associated with oil and gas exploration and production, while at the same time creating the potential for exceptional returns using technology to exploit known oil assets that were just uneconomical to produce before now. Increased prices, supply/demand issues and advances in recovery technology have all combined to produce an opportunity for an economically–efficient independent like Cano to lead the reawakening of America’s legacy oil fields.

The business strategy is simple: acquire small– to mid–sized oil assets that are at or near the end of their primary (or secondary) life. The assets must have significant proved reserves with a high ratio of probable reserves and must be suitable for waterflood and/or EOR. As these properties are not particularly attractive, Cano is able to acquire them by paying a fair, if not relatively low, price for the proved reserves, with no consideration for the probables. Cano will use its own considerable in–house expertise, along with that of its consulting partners, to determine the best method for additional oil recovery. The potential for significant upside comes in the ability to turn no–cost probable reserves into proved reserves, with the attendant increase in value and production revenues.

[HelddesAlltags]

so, und hier noch ein Artikel aus der LA Times vom Juli, der auch ganz gut erklärt, was Cano so macht

pressemitteilungen gibts auf deutsch u.a. hier:
http://www.boerse-go.de/usa/

July 24, 2005, latimes.com

Squeezing Oil From Deserted Wells

• Independent companies use specialized techniques in fields where `low-hanging fruit` is long gone. With prices at $60 a barrel, the intensive effort can pay off.

By Dana Calvo, Special to The Times FORT WORTH — Engineers who specialize in finding leftover pockets of oil are the Zen masters of the oil industry.

They know they`ll never hit the big strike, and that`s all right. Instead, they methodically and patiently flush petroleum from wells that have long since been abandoned by the energy giants. "We go out to these large fields where the big companies took the low-hanging fruit," said Jeff Johnson, chief executive of Fort Worth-based Cano Petroleum. "In our blue-collar way — it`s not sexy — but we`re bringing these fields back to life."

Cano is one of 5,000 independent oil companies that are picking up the scraps left behind by larger corporations using expensive and risky techniques that the industry calls "enhanced oil recovery" — EOR for short — on old, low-production wells. For every barrel of oil produced in the United States there are two barrels left behind, and with a per-barrel pricetag of nearly $60, the hunt becomes even more lucrative.

With U.S. oil production on the decline, and energy from alternative sources still a small part of the supply picture, experts are pulling for companies such as Cano.

"Renewable energy is a great idea, but the fact is that we`re not there yet," said Alesha Leemaster, spokeswoman for the Interstate Oil and Gas Compact Commission, which represents the governors of states that produce oil and natural gas. "It`s so important that we get those extra resources out of the ground."

This spring, Cano acquired a field in Central Texas that was abandoned nearly 20 years ago. Wooden derricks that littered the storied Desdemona site during its oil-boom heyday of the 1920s had long since been sold for firewood when Johnson laid down $8 million for the field, which covers more than 10,000 acres.

Today, Johnson`s company is using enhanced recovery techniques to pull 80 barrels of oil a day from Desdemona`s 60 wells, or about 1.3 barrels per well. These are known as stripper wells — wells that yield less than 10 barrels of oil a day — and Desdemona is riddled with them.

"Stripper wells are huge in this country," said Jeff Eshelman, spokesman for the Independent Producers Assn. of America. "They`re the equivalent of what we import from Saudi Arabia each year."

In 2003, according to the most recent data available, the nation`s 393,463 stripper wells produced 313 million barrels, or about 15% of domestic, onshore oil production in the contiguous 48 states. Most of the country`s stripper wells are in Texas, Oklahoma and California, with half of California`s 42,000 oil wells classified as strippers.In contrast to the stripper wells` output, many larger wells that are being worked over by the likes of Chevron Corp. yield more than 100 barrels a day, according to Iraj Ershaghi, director of the Center for Interactive Smart Oilfield Technology at USC.

"There are going to be more and more companies looking at" enhanced oil recovery, Ershaghi said. "The new enhanced oil recovery processes were not put into practice in the `80s and `90s because it wasn`t cost-effective — they were expensive processes and oil was affordable. But now, you have to explore different environments or revisit mature fields."

But not everyone is convinced enhanced recovery on these stripper wells can have much effect on the nation`s oil production.

"The problem with a lot of these things, it`s actually very small numbers in the grand scheme of things," said Leta Smith, senior consultant for IHS Energy, an oil and gas consulting service.

Johnson, who in a former career raised financing for energy projects, has heard the doubts for years. After all, he founded Cano in 1999, just before the price of oil crashed to $10 a barrel.

Even when critics said it was too expensive and not profitable, Johnson continued to gear Cano entirely toward enhanced recovery from proven fields.

"They said, `Why isn`t anyone else doing it?` " he said.

Now, the Lubbock native is heading a 14-person company with $17 million in assets, 3.6 million barrels of proven reserves, and no long-term bank debt. He is also in charge of properties on which there is no exploration risk: All Canos wells once were proven producers.

In a corporate rite of passage, Johnson rang the opening bell of the American Stock Exchange on July 12. Cano went public last year and in May migrated to the Amex.

There are a variety of methods by which to grab hold of remaining oil pockets in a well. Companies pump carbon dioxide, water or steam into old wells to push more oil out of the rock and up to the service. Sophisticated computer simulations can spot caches of oil hidden inside rock that can then be accessed by drilling out from a nearby well.

Cano mostly relies on a process known as alkaline-surfactant-polymer, which is used to get the last 16%-25% of oil out of the rock.

First, the wells are flooded with water and then a soap-like chemical is pumped underground that loosens the oil molecules from the rock — like dishwashing soap prying greasy residue off a lasagna pan. Finally, the oil is separated from the water and sucked up out of the ground. Sometimes, engineers actually use an industrial-sized vacuum to pull the hard-to-get oil caches out.

Using this technique, Cano`s 2,601-acre field in Nowata, Okla., is producing 77,000 barrels of fluid a day, out of which the company is pulling 250 barrels of oil daily. "This isn`t thick and tarry oil," said John Lacik, Cano`s production, safety, health and environmental coordinator. "It`s real pretty, greenish-gold and real lightweight."

Cano`s active fields are mainly in Texas and Oklahoma, and the company is on the prowl for more. "There are good opportunities in California, and we`re looking at acquisitions

[namlit]

[posting]19.196.640 von HelddesAlltags am 08.12.05 09:08:04[/posting]hallo und danke für deine recherchen. ich bin
nun eingestiegen und hoffe die bisherigen 10 %
steigung hält an sodass ich nicht rückschläge
in kauf nehmen muss. schön wäre es sie würde
langsam aber stetig wachsen. dann bliebe auch dieser
thread ruhig und ohne gepusche. danke für deine
seriöse infos und weiterhin ein goldenes händchen
an alle !

[HelddesAlltags]

immer gerne

PS habe mich auf der Liste des Unternehmens eingetragen, die sind in der Regel ziemlich schnell darin, ihre Pressemitteilungen auch an die Öffentlichkeit zu bringen:

einfach ne email schreiben an: [e-mail]

PPS das hier sieht doch auch viel versprechend aus:
Putnam Field


--------------------------------------------------------------------------------

Cano is currently acquiring non–producing leases covering 341 acres in an undisclosed area in Texas. The company intends to restore production and implement horizontal wells and SP flooding. A successful polymer flooding pilot was conducted within the area. Cano anticipates improving on that success through the addition of surfactants.

As of October 1, 2005, Putnams’s proved reserves were estimated at 736 Mboe, probables at 1,580 Mboe.

Aktuelle Pressemitteilung:
09 Dezember 2005 02:04 PM Zeitzone Berlin

Cano Petroleum kündigt Ergebnisse der jährlichen Aktionärsversammlung an

FORT WORTH, Texas--(BUSINESS WIRE)--9. Dezember 2005--Cano Petroleum (AMEX:CFW) kündigte die Ergebnisse der Abstimmung bei ihrer jährlichen Aktionärsversammlung an, die heute in Fort Worth, Texas stattgefunden hat.


Die Aktionäre wählten mit überwältigender Mehrheit wieder S. Jeffrey Johnson, Donnie D. Dent, Gerald W. Haddock, Randall Boyd, Morris B. "Sam" Smith und Dr. Jim Underwood in den Vorstand, der für die Dauer von einem Jahr seine Arbeit verrichten wird und der solange amtieren wird bis die Nachfolger gewählt und in das Amt berufen werden.

Die Aktionäre ratifizierten auch die Ernennung von Hein & Associates LLP als unabhängiges, eingetragenes Wirtschaftsprüfungsunternehmen der Firma für das Geschäftsjahr, das am 30. Juni 2006 enden wird. Weiterhin befürworteten die Aktionäre das Langzeitprämiensystem 2005 von Cano Petroleum, Inc.

Jeff Johnson, Vorsitzender und Geschäftsführer von Cano: "Unsere erste jährliche Aktionärsversammlung ist Höhepunkt der außergewöhnlichen ersten 18 Monate unserer Firmengeschichte. Canos maßgebliche Leistungen innerhalb dieses kurzen Zeitraums sind Zeugnis für unsere Geschäftsleistung und unserer Belegschaft. Wir konzentrieren uns weiterhin darauf den Stockholder Value durch sorgfältige Anwendung unserer Firmenstrategie zu erhöhen und freuen uns auf ein überragendes vor uns liegendes Jahr."

ÜBER CANO PETROLEUM:

Cano Petroleum, Inc. ist ein in Texas ansässiger, unabhängiger Energieproduzent mit Grundbesitz in der mittleren Kontinentalregion der USA. Unter der Leitung einer erfahrenen Geschäftsführung konzentriert sich Cano in erster Linie auf erhöhte Produktion im Inland aus alten landwärtigen Öllagerfeldern unter Anwendung sekundärer und verbesserter Ölrückgewinnungsverfahren. Cano wird an der US-Börse unter dem Tickersymbol CFW gehandelt. Weitergehende Informationen finden Sie unter www.canopetro.com.

Informationen hinsichtlich zukunftsbezogener Aussagen: Abgesehen von in dieser Pressemitteilung enthaltenen, auf die Vergangenheit bezogenen Informationen sind die Aussagen zukunftsbezogene Aussagen in Übereinstimmung mit den Safe Harbor-Vorschriften des Private Securities Litigation Reform Act von 1995. Zukunftsbezogene Aussagen beinhalten bekannte und unbekannte Risiken und Unwägbarkeiten, die unsere aktuellen Ergebnisse zukünftig von den vorausgesagten Ergebnissen erheblich abweichen lassen können. Diese Risiken und Unwägbarkeiten beinhalten unter anderem die Unbeständigkeit der Preise natürlicher Ressourcen, der Produktnachfrage, des Wettbewerbs am Markt und der Risiken, die unseren Transaktionen innewohnen. Diese und andere Risiken sind in unserem Jahresbericht auf dem Formular 10-KSB und anderen bei der Börsenaufsichtsbehörde (SEC) hinterlegten Aufzeichnungen beschrieben.

[klipperklapp]

http://www.latimes.com/business/la-fi-opec13dec13,0,7978009.…

THE WORLD
Signs Point to Prolonged Trend of High Oil Prices
By Elizabeth Douglass
Times Staff Writer

December 13, 2005

OPEC ministers and the U.S. Energy Department delivered a chilling message to consumers Monday: High energy costs are here to stay.

At a meeting in Kuwait, members of the Organization of the Petroleum Exporting Countries hinted at possible production cuts next year — a move that would boost oil prices. Federal energy forecasters, meanwhile, issued revised projections showing sharply higher crude prices extending until at least 2014.

The combo helped roil energy futures trading and sparked fresh fears of another oil-fed assault on the economy, which has weathered record prices with little damage.

"The best you can hope for is that oil maintains an erratic uptrend rather than a spiky uptrend," said Stephen Leeb, president of Leeb Capital Management in New York. Leeb, author of the Oil Factor, a book predicting an era of turbulent oil prices, echoed other petroleum prognosticators Monday in outlining a future in which oil will see more ups than downs.

In New York, the U.S. benchmark oil for January delivery responded by rising nearly $1.91 a barrel Monday to close at $61.30 a barrel, short of the peak daily closing price of $69.81 a barrel reached Aug. 30. The reaction was exacerbated by a weather forecast showing colder temperatures, which would increase energy demand. An explosion Sunday at an oil terminal near London added to traders` skittishness.

Heating oil and natural gas futures also climbed sharply, and a government survey showed that U.S. retail gasoline prices reversed course in the last week and rose 3.8 cents to an average of $2.185 for a gallon of self-serve regular on Monday.

Economists point to higher energy costs as the biggest menace to the economy`s resilience, according to a survey released Monday by the Bond Market Assn., a securities trade group.

"Energy prices were cited as the dominant risk to the outlook for [economic] growth and inflation forecasts, as continued declines in oil prices would spur growth but price hikes would slow spending activity at the consumer and business levels," said Michael Decker, the association`s senior vice president and head of policy and research.

That risk may have increased Monday, based on the interpretations of OPEC`s typically shrouded workings.

As expected, the 11-country organization decided to keep its official production quotas steady at 28 million barrels a day.

However, the ministers surprised some by suggesting that they could cut output levels as early as March if demand for oil eased and prices fell. The cartel will meet Jan. 31 in Vienna to discuss the matter further.

"We are preparing ourselves for the second and third quarters of next year, because in these two quarters demand is usually less," Libyan Energy Minister Fathi ben Shatwan told reporters after the OPEC meeting, according to Reuters. "We have to comply with the ceiling now, and maybe we will discuss a cut in the future."

Several times in the last two years, OPEC officials have made a point of publicly denouncing the high price of oil — sometimes trying to defuse criticism by blaming speculators, unrelenting demand and other factors for the surges. After hurricanes Katrina and Rita disabled Gulf Coast oil rigs and refineries, the ministers offered up additional oil to help offset lost production, but Monday they said the offer would be allowed to expire as scheduled at the end of the year.

Although OPEC`s new stance wasn`t explicitly stated, the cartel seems to have changed its tune, said OPEC watchers, who sift through post-meeting statements to glean messages not contained in authorized communiques. Instead of working to lower prices to reduce political pressure and head off an economic downturn or a shift to cheaper fuels, OPEC members are openly embracing production cuts to keep crude costs up, analysts said.

"OPEC is obviously happy with prices as high as they are," said Chris Mennis, owner of New Wave Energy, a trading company based in Aptos, Calif.

Leeb said OPEC was telling the world that it probably would cut production if the group`s collection of target oil prices fell to the equivalent of about $57 or $58 a barrel for the U.S. benchmark crude.

"This is a cartel that a few years ago was arguing for $20 to $28 oil," Leeb said. "It`s an admission that the world has changed in a dramatic way.

"You can enjoy paying $2.25 to $2.40 a gallon for gasoline for a while," he said, "but sometime in the next 18 months, you`ll be paying $3 again."

Officials at the federal Energy Information Administration issued their own bleak projection Monday, forecasting that heavy demand would cause the average cost of oil imported by U.S. refiners to rise until 2014. Then, new supplies from Saudi Arabia and other countries are expected to ease the supply crunch and cause a decline in crude costs, the Energy Department`s statistical arm said in its latest long-term energy outlook report.

The respite won`t last, however. Oil prices will resume their upward climb, hitting $54.08 a barrel in 2025, up 34% from 2004 levels. The agency`s multiyear projection, issued annually, was more optimistic last year, pegging oil at about $33 a barrel in 2025. These figures are all expressed in 2004 dollars.

Chronically higher prices probably would trigger an increase in domestic production as well as increased use of hybrid vehicles and alternative fuels, the energy agency said. Nonetheless, "the United States and emerging Asia — notably China — are expected to lead the increase in demand for world oil supplies, keeping pressure on prices through 2030," according to the report.

During the same period, OPEC oil production is forecast to increase but not as much as the energy administration had previously thought. OPEC members are expected to pump 43.6 million barrels a day in 2025, which is 11.5 million barrels a day less than the agency had forecast last year for 2025.

[HelddesAlltags]

[posting]19.213.940 von namlit am 09.12.05 12:03:25[/posting]ich hoffe, du bist nicht raus, jetzt?

sind in den USA bei 6,45 USD

[HelddesAlltags]

auf dem Weg zu 7,00 USD !!
schon 6,96 z.Z.

[investit]

Kursziel 8,00 € sag ich nur

Cano Petroleum bei Schwäche kaufen

Die Experten des Anlegermagazin "Der Aktionär" empfehlen die Aktie von Cano Petroleum (ISIN US1378011068/ WKN A0B5TJ) an schwächeren Tagen zu kaufen.

Das US-amerikanische Erdgas-Unternehmen habe am 30. November die Übernahme von WO Energy für 55,2 Mio. USD mitgeteilt. Die nachgewiesenen Ölreserven von Cano Petroleum würden mit der Übernahme von 5,52 Mio. Barrel auf 40 Mio. Barrel ansteigen. Die Tagesproduktion werde von rund 400 Barrel auf ca. 1.200 Barrel Öl zunehmen.

Die Experten hätten die Cano Petroleum-Aktie bereits im Januar dieses Jahres bei einem Kurs in Höhe von 3,25 Euro empfohlen. Bis heute habe das Papier um 52,6 Prozent auf 4,96 Euro zugelegt. Das Kursziel sehe man bei 8 Euro. Zur Absicherung sollte ein Stoppkurs bei 3,80 Euro platziert werden.

Die Cano Petroleum-Aktie ist nach Meinung der Experten von "Der Aktionär" an schwächeren Tagen ein Kauf.

Analyse-Datum: 15.12.2005<br><br>Quelle: Finanzen.net

[goldperle]

Habe Cano schon seit langem auf meiner Watchlist gehabt, werde jetzt limitiert auf Zuschlag hoffen.
Scheint mir einer der aussichtsreichsten Ölexplorer zu
sein, auch von der Idee her!!

[HelddesAlltags]

seh ich auch so viel Glück ...
die frage ist nur, wann die schwachen Tage kommen, die der aktionär als einstiegszeitpunkt ansieht? mal schaun,
gestern jedenfalls nicht. geschlossen bei 7,00 USD

[Badtiming]

Ich denke, es werden noch mal schwache Tage kommen. Der Kurs ist in etwa einem Monat über 60% gestiegen. Ich denke, der Kurs müßte bald noch mal zurück kommen. Was mich etwas wundert ist, daß das Aktionärskursziel bei für seine Verhältnismäßig vorsichtigen 8 Euro liegt. Normalerweise haben die doch so schön runde Kursziele, die reiiin zufällig so um die 100% liegen...

[investit]

find ich eher gut, dass die da nen bischen vorsichtiger sind. Wenns erstmal auf 8,00 € geht, wäre das doch auch schon super

und die Aussichten bleiben gut:

Auch 2006 bleibt Öl ein heißes Thema
Experten: Steigende Nachfrage hält Preis auf hohem Niveau - Mangel an Reserven könnte für Volatilität sorgen
von Beatrix Fricke

Berlin - Kurz vor Weihnachten kehrt auch am Ölmarkt etwas Frieden ein. Nachdem sich Investoren, Unternehmen und am Ende auch die Verbraucher im Jahresverlauf mit Kampfpreisen von zeitweise um die 70 Dollar herumschlagen mußten, sind die Rohöl-Futures zuletzt wieder unter die 60-Dollar-Marke gefallen. Zum Wochenstart notierte die Sorte Brent in London bei 57,51 Dollar pro Barrel. Üppig sind die Preise damit immer noch: Im Januar stand die Notierung bei rund 42 Dollar, vor zwei Jahren bei 30 Dollar. Doch tun die Marktteilnehmer gut daran, sich auf ein anhaltend hohes Preisniveau einzustellen. Die Experten prognostizieren einer WELT-Umfrage zufolge für 2006 einen Durchschnittspreis von 55 Dollar für das Schwarze Gold, bei einer Preisspanne zwischen 53 und 65 Dollar. "Die Faktoren, die den Preis nach oben getrieben haben, bleiben bestehen", sagt Kevin Norrisk von Barclays Capital und ergänzt tröstend: "Aber es wird wohl auch nicht schlimmer werden."


Vor allem die starke Nachfrage dürfte den Ölpreis in luftigen Höhen halten. Wenn die Wirtschaft in den Industriestaaten rund läuft, wird mehr von dem kostbaren Rohstoff benötigt. "Zugleich zieht der Verbrauch in Boomländern wie China und Indien an", sagt Thomas Paschen, Ölanalyst bei der BHF Bank. Die internationale Energie-Agentur IEA sagt für 2006 weltweit einen Nachfrage-Anstieg um 2,2 Prozent auf 85,18 Mio. Barrel pro Tag voraus, meldet die Nachrichtenagentur Bloomberg.


Diese Nachfrage trifft auf eine angespannte Angebotslage. "Das Problem ist nicht etwa eine physische Knappheit von Öl, sondern der Mangel an Angebotsreserven in den Förderländern", erklärt BHF-Experte Paschen. "Zwar haben die Opec-Staaten ihre Kapazitäten gesteigert, doch dauert es, bis neue Reserven aufgebaut sind." Dies liegt auch an den über weite Teile veralteten Förderanlagen.


In dieser mangelnden Flexibilität sehen die Experten ein Risiko für die Preisentwicklung. "Weil die Sicherheitspolster so stark abgeschmolzen sind, kann es leicht zu Nervosität am Ölmarkt kommen, was sich in einer hohen Volatilität niederschlagen dürfte", sagt Melanie Fischinger, Volkswirtin bei der Commerzbank. Auch Dennis Nacken, Ölexperte bei Helaba Trust, sieht den Markt nicht vor starken Preisausschlägen gefeit. "Nach den verheerenden Erfahrungen mit "Katrina" in den USA könnte der Ölpreis zum Start der Hurrikan-Saison im Herbst wieder nach oben schießen", sagt er. Daneben warnt er vor politischen Spannungen, die die Angebotslage beeinträchtigen könnten. "Vor allem die Entwicklung im Iran als zweitgrößtem Opec-Produzenten ist ein Risikofaktor."


Für Aktionäre ist ein hoher Ölpreis allerdings nicht mehr das Gruselthema, das es einmal war. Dies zeigt das zurückliegende Börsenjahr. Obwohl der Ölpreis sämtliche Marken hinter sich ließ, die die Mehrheit der Experten vorhergesagt oder als für die Wirtschaft gerade noch verkraftbar diagnostiziert hatte, ließen sich die Aktienkurse nicht aufhalten. Gerade der Dax kletterte unermüdlich in die Höhe - trotz steigender Ölnotierungen (siehe Grafik). "Allgemein betrachtet ist es zwar richtig, daß ein hoher Ölpreis die Wirtschaftsdynamik bremst und damit auch den Aktienmarkt belastet", erläutert Helaba-Experte Nacken. "Doch Auslöser des derzeitigen Preisanstiegs ist ja der Wirtschaftsboom etwa in China, von dem auch die deutsche Exportindustrie profitiert." Die positiven Auswirkungen überkompensierten quasi den Kostenfaktor Öl. Daneben sei es vielen Unternehmen gelungen, die Zusatzbelastung über Preiserhöhungen weiterzugeben. "Erst wenn der Ölpreisanstieg aus einem unerwünschten Angebotsstop resultiert, besteht Gefahr", so Nacken. BHF-Analyst Paschen hält den Einfluß des Ölpreises auf die Börse für überschätzt. "Die Weltwirtschaft kann hohen Ölpreisen durchaus standhalten."


Schließlich können Anleger an steigenden Ölnotierungen auch kräftig mitverdienen - über Zertifikate wie über die Aktien von Versorgern, Raffinerien oder Firmen, die die Infrastruktur der Ölkonzerne bauen. Viele Fonds, die in Energiewerte investieren, schafften im zurückliegenden Jahr ein Plus von rund 60 Prozent. Auch Solartitel profitierten: Angesichts der hohen Kosten werden Alternativen zum Öl interessant.


Artikel erschienen am Di, 20. Dezember 2005

[HelddesAlltags]

ich sag nur "Frohe Weihnachten mit Cano Petro"

[investit]

schön, schön
jetzt müsste nur der dt. Kurs mal pari mit dem amerikanischen laufen. drüben haben wir nämlich bei 7,26 USD-Dollar geschlossen = 6,14 Euro

[namlit]

schöne weihnachten

[HelddesAlltags]

ekip Pro vom 25.12.05

CANO PETROLEUM (WKN:; CFW; $7,64 +77,8%) iWatch 05/36,
gekauft zu $4,30. Neues SL: 5,55 US-Dollar
---------------------------------------------------------
Kommentar: Die Aktie von Cano konnte auch in dieser Woche nochmals kräftig zulegen. Nun steht ein Allzeithoch von 7,70 US-Dollar zu Buche. Wir lassen die Gewinne weiter
laufen.
---------------------------------------------------------

[HelddesAlltags]

+ es kam über die Feiertage noch ein Interview auf brn-ag.de heraus, noch ein paar interessante Fakten zur Übernahme und zur Unternehmensentwicklung heraus:

http://www.brn-ag.de/realplayer.php4?ident=7723

[SPEEDTIP2]

16,48 Uhr 1.90 Millionen gehandelte Aktien ist der Teufel los !
ist was im Busch ?

WER WEISS MEHR ?

[SPEEDTIP2]

SORRY TAGESVOLUMEN

[SPEEDTIP2]

2,35 MILLIONEN HANDELSVOLUMEN WOW GEHT WAS AB
gLAUBE CANO GIBT EIENR DER ÜBERFLIEGER 2006

[SPEEDTIP2]

Cano Petroleum steht vor einem grossem Jahr !

allen Cano Freunden einen gutes erfolgreiches neues Jahr !

SPEEDY

[klipperklapp]

http://www.latimes.com/business/la-fi-oil31dec31,0,3444480.s…

From the Los Angeles Times
Oil Prices Surge and May Keep Going Up
By Elizabeth Douglass
Times Staff Writer

December 31, 2005

The year ended in fitting fashion for the petroleum world Friday: Oil futures prices jumped higher. So did gasoline, natural gas and heating oil contracts.

And consumers can expect more of the same in 2006.

Spurred by supply worries that will stretch into next year, traders sent the cost of crude oil for February delivery up 72 cents to $61.04 a barrel Friday in a holiday-shortened session on the New York Mercantile Exchange. Oil prices rose 4.5% on the week and finished $17.59 a barrel, or 40%, higher than on the final trading day of 2004.

Gasoline futures jumped 5.76 cents to $1.71 a gallon, 57% higher than a year earlier. Heating oil rose 2.51 cents to $1.728 a gallon on the Nymex, up 41% during 2005. Natural gas, which ended the year more than 80% higher than it started, rose 0.2 cent to $11.225 per million British thermal units.

The closing prices were well below records set during 2005, but analysts warned that production limits and rising demand would push up the cost of oil and its byproducts in the year ahead — stretching consumer and business budgets in the process.

"We don`t see crude oil coming down until there is additional supply, and we don`t see that happening for four to five years," said David Hackett, president of Stillwater Associates, an industry consulting firm based in Irvine. "Our view is that it stays high and volatile."

Demand for oil has been growing worldwide, but the largest driver has been economic growth in the United States, China and India.

The surge in oil usage has come at a time when crudeproducing countries are already pumping oil out of the ground at near-peak levels.

Oil prices soared after hurricanes Katrina and Rita destroyed drilling and production rigs in the Gulf of Mexico, and they closed Aug. 30 at a record $69.81 a barrel on the Nymex after briefly trading above $70.

With little margin for error, world oil markets have become skittish and prone to wild price swings based on trading momentum, rumors, weather or relatively small glitches in pipelines or production facilities. All those factors will be present — and possibly worse, given rising demand — in 2006, experts say.

Revised projections for global oil supply and demand caused Barclays Capital energy analyst Paul Horsnell to joke in a Dec. 14 report that "we are now investigating precisely how much oil-tank storage we can build in the garden."

On the gasoline front, consumers suffered through record prices that zoomed past the $3-a-gallon mark after the hurricanes, peaking at an average $3.057 a gallon nationwide in early September. In a reversal of the norm, California maintained slightly lower prices during the period, hitting a statewide average high of $3.054 a gallon.

The storms knocked out nearly a third of the nation`s refining capacity and cut gasoline production for months. Imports helped fill the gap, but the disaster laid bare the nation`s growing fuel-making deficit.

In recent weeks, consumers have enjoyed a respite at the pumps as seasonally lower demand pushed down prices nationwide. In California this week, a few stations made news for selling self-serve regular for less than $2 a gallon — a benchmark that many stations were well under in December 2004.

Nationwide pump prices for regular averaged $2.19 a gallon Friday, 41 cents higher than year-earlier levels, according to AAA. Self-serve regular in California averaged $2.233 a gallon, 21 cents above the year-earlier average.

Michael Armbruster, co-founder and energy analyst at Altavest Worldwide Trading Inc. in Mission Viejo, said rising fuel demand in 2006 would further strain U.S. refineries.

In addition, new limits on sulfur in gasoline would cut the country from some of its import suppliers.

"Every year, we`re becoming more and more dependent on foreign countries refining crude oil for us," Armbruster said. At the pumps next year, he added, "I would expect steady to higher prices."

[SPEEDTIP2]

klipper was heisst das in deutsch ?

[klipperklapp]

grob gesagt, dass wir auch 2006 weiter steigende Ölpreise sehen sollten (+begründung)

hier noch mal was von welt.de (von heute)

[..]Die Bedeutung des asiatischen Energiehungers kann nicht überschätzt werden. Der ehemalige Energieberater des US-Präsidenten George W. Bush, Matthew Simmons, erwartet deswegen einen dramatischen Anstieg des Ölpreises: "Wir müssen mit einem Ölpreis von 200 bis 250 Dollar je Faß rechnen." Öl werde zusehends knapp, und es würden immer weniger neue Felder geortet, warnt er: "2005 wurden so wenige neue Quellen entdeckt wie seit dem Zweiten Weltkrieg nicht mehr." [..]

[investit]

Investors Woche stößt ins gleiche Horn - hervorragende Aussichten für Cano

Liebe Leser,
Öl ist der Schmierstoff der globalen Wirtschaft. Und 2005 war für Öl ein unglaublich ereignisreiches Jahr. Hätten Sie schon Anfang 2005 auf den steigenden Preis gesetzt, hätte es für Sie sogar ein lukratives Jahr werden können. Betrachten wir allein nur die Wertentwicklung von Anfang 2005 bis jetzt: Da ist der Preis für ein Barrel (also 159 Liter) um fast 50% gestiegen. Wir sind aktuell aber schon wieder rund 10% unter dem Höchststand von Anfang Oktober.
Verschiedene Faktoren hatten zunächst den Ölpreis stetig steigen lassen: Das war neben der enorm stabilen Nachfrage das nur beschränkt mithaltende Angebot an Rohöl. Das (Öl-)Fass zum Überlaufen brachten die verheerenden Hurrikane im Golf von Mexiko. Dort befinden sich nicht nur die bedeutendsten Förderanlagen der USA, sondern die Küstenregionen in Texas und Louisiana beheimaten auch die größten Raffinerien der Vereinigten Staaten. Schon im Frühsommer kam es in einigen Raffinerien zu kurzzeitigen Produktionsausfällen. Bei Anlagen, die oft schon mehr als 20 Jahre im Betrieb sind, gehört das zum Alltag. Wenn diese Anlagen dann auch noch über einen längeren Zeitraum an der Kapazitätsgrenze arbeiten, wird die Sache schon brenzliger.
Nun hat sich der Ölpreis in den vergangene Wochen wieder kräftig erholt und das obwohl schon Winter ist. Bei uns hat der Winter in weiten Teilen Deutschlands gerade in den vergangenen Tagen heftig Einzug gehalten. Aber in weiten Teilen der USA herrschen noch milde Temperaturen. Dadurch konnten die zuletzt stark geschrumpften Lagerbestände wieder aufgefüllt werden. Es hat den Anschein, als sei aktuell ein wenig der Druck vom Ölmarkt verschwunden.
Aber ich sehe noch keine stark sinkenden Ölpreise in den kommenden Monaten oder Jahren. Denn die Erfolgsgeschichte Chinas geht weiter. Die Nachfrage aus dem asiatischen Boomland wird andauernd hoch sein. Der Anstieg der Produktion jedoch kann nur langsam erfolgen, wobei die meisten Ölquellen schon jetzt an der Kapazitätsgrenze fördern. Das Gleichgewicht zwischen Angebot und Nachfrage ist noch gewährleistet, die Betonung liegt hier auf „noch“. Einer täglichen Produktion im ersten Quartal 2006 von 85,3 Mio. Barrel wird nach Schätzungen der Internationalen Energie Agentur eine Nachfrage von 84,9 Mio. Barrel gegenüber stehen. Sollte dieses scheinbare Gleichgewicht durch Launen der Natur wieder gestört werden, ist ein starker Preissprung beim Ölpreis zu erwarten.
Oft ist es nur ein kleiner Anlass, der den Preis steigen lässt. In den vergangenen Tagen stieg, wegen der Gasstreits zwischen Russland und der Ukraine der Ölpreis, der an den Erdgaspreis gekoppelt ist, sprunghaft an. Allein gestern verteuerte sich ein Barrel Rohöl um mehr als 3%. Bei diesem Preissprung an nur einem Tag sind auch 2006 wieder große Gewinne mit Rohstoffen möglich. 2005 habe ich in meinem Empfehlungsdienst „Independent Trader“, mit dem ich vornehmlich auf Rohstoffe setze, Gewinne von bis zu 144% realisiert. Davon können auch Sie profitieren. Wie das geht, erfahren Sie am Ende der heutigen Ausgabe.

Viel Spaß bei der Lektüre
wünscht Ihnen
Heiko Böhmer
Redakteur, „Investors Woche“

[investit]

das "völlig neue Level" spiegelt sich mittlerweile auch im Kurs schön wieder - fast jeden Tag nen neues ATH im Moment, in FF bereits 7,50€

da ist ja nur noch wenig platz bis zum Aktionärskursziel von 8,00 € - ob die das nach oben anpassen?

[klipperklapp]

ob wir heute noch 9 Dollar sehen? im Moment schon 8,88 USD

[HelddesAlltags]

mit den 9 USD auf SK-Basis hat`s ja leider nicht geklappt - wenn auch nur ganz knapp. Ich denke, wir sehen dann diese Woche den nächsten Angriff
(SK 8,95 USD)

[GNawracala]

Sehr gut, die Ergebnisse der neuen Technologie vom ersten getesteten Feld sind besser als erwartet!

09 Januar 2006 06:36 PM Zeitzone Berlin

Cano Petroleum Achieves Improved Recovery Rates in Extended Testing at Nowata, Initiates Testing at Davenport and Discusses Strategy at Putnam

FORT WORTH, Texas--(BUSINESS WIRE)--Jan. 9, 2006--Cano Petroleum, Inc. (Amex:CFW) announced today that extended laboratory testing to evaluate enhanced oil recovery (EOR) of its Nowata Field has yielded significantly increased recovery rates. Further testing of potential flood formulations has increased ASP (alkaline-surfactant-polymer) coreflood recovery to 24% of the original oil in place (OOIP), compared to the Phase III results of 18% of OOIP. While additional testing continues, construction of the ASP pilot area and facilities is underway at Nowata.


Jeff Johnson, Cano`s Chairman and CEO, stated, "These improved results underscore the importance of conducting comprehensive tests in the lab before making a significant investment in the field. Compared to the field, experimentation in the lab is cheap, improves the potential for recovery success and reduces the financial risk. More importantly, the decision to extend the testing at Nowata beyond Phase III occurred as a result of the knowledge and field experience of our in-house engineering staff working effectively with the laboratory expertise of our consultants."

Surfactant-Polymer (SP) testing of core samples taken from Cano`s Davenport Unit is currently underway. Initial results are expected to be available in the second calendar quarter of 2006. The Davenport field, located in Lincoln County, Okla., has produced approximately 22 million barrels through primary and secondary recovery of an estimated 58 million barrels of OOIP. Proved reserves are estimated at 484 Mboe with probable reserves (anticipated to be recovered through SP flooding) estimated at 10,527 Mboe.

Cano has acquired a number of leases in an undisclosed area in Texas which was the subject of a successful pilot polymer flood in the 1980s. As the Company is continuing to lease in this area, it is referred to here, and in previous communications, as the Putnam field. Cano intends to execute a pilot program in this area where a surfactant-polymer flood will be injected and then produced through a horizontal well bore. The latest in SP technology will be coupled with horizontal drilling techniques to most effectively exploit the benefits of both.

Johnson added, "We are very excited about ASP and SP flooding as part of our overall Enhanced Oil Recovery (EOR) business model. While these flooding technologies have already proven successful worldwide, further refinements in the technology and its applications are inevitable as their deployment becomes more widespread. Cano will remain aggressive in its strategy to acquire assets that are suitable for surfactant-polymer flooding and other EOR applications."

SP and ASP flooding are enhanced oil recovery techniques that can be employed to recover additional oil over and above primary and secondary recovery methods. Low concentrations of surfactants, polymers and other additives are added to the waterflood operations already in place, to "clean" stubborn or hard to reach oil from the reservoir, much like soap in a greasy dish pan.

ABOUT CANO PETROLEUM:

Cano Petroleum, Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano`s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS: Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of natural resource prices, product demand, market competition, and risks inherent in our operations. These and other risks are described in our Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Cautionary Notes to Investors - The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Cano uses "non-proved reserves" in this news release, which the SEC`s guidelines strictly prohibit it from including in filings with the SEC. Investors are urged to also consider closely the disclosure in Cano`s Form 10-KSB for the fiscal year ended June 30, 2005, available from Cano by calling 800-769-7205. This form also can be obtained from the SEC at www.sec.gov.

[GNawracala]

Cano Petroleum erreicht verbesserte Erdölgewinnungsraten bei erweiterten Tests in Nowata



FORT WORTH, Texas--(BUSINESS WIRE)--9. Januar 2006--Cano Petroleum, Inc. (ISIN: US1378011068 / WKN: A0B5TJ) hat heute bekannt gegeben, dass die erweiterten Labortests zur Bewertung der Enhanced Oil Recovery (EOR) seines Nowata-Feldes zu erheblich gesteigerten Erdölgewinnungsraten geführt hat. Die weiterführenden Tests potenzieller

Flutungsmischungen hat die ASP (Alkaline-Surfactant-Polymer) –Hauptflussgewinnung um bis zu 24 % des ursprünglich vor Ort vorhandenen Öls (engl.: Original Oil In Place, OOIP) gesteigert. Die Ergebnisse der Testphase III hatten nur zu einer Steigerung von 18 % des OOIP geführt. Während die erweiterten Tests fortgesetzt werden, wurde bereits mit dem Bau des ASP-Pilotbereichs und der entsprechenden Anlagen in Nowata begonnen.

Jeff Johnson, Vorsitzender und CEO von Cano, sagte: "Diese verbesserten Ergebnisse unterstreichen die
Bedeutung der Durchführung umfangreicher Tests im Labor, bevor eine beträchtliche Investition vor Ort getätigt wird. Verglichen mit Feldversuchen sind die Experimente im Labor günstig, erhöhen die Chance auf eine erfolgreiche Gewinnung und verringern das finanzielle Risiko. Noch wichtiger ist jedoch die Tatsache, dass die Entscheidung zur Fortsetzung der Tests in Nowata über die Phase III hinaus auf das Know-how und die Felderfahrung unserer internen technischen Abteilung zurückzuführen ist, die auf effiziente Weise die Laborerfahrung unserer Berater genutzt hat".

Derzeit werden Surfactant-Polymer (SP) -Tests an den in Davenport genommenen Kernproben durchgeführt. Die ersten Ergebnisse werden im zweiten Quartal 2006 erwartet. Das Davenport-Feld, das sich in Lincoln County, Oklahoma, befindet, hat etwa 22 Mio. Barrel über die primäre und sekundäre Förderung der geschätzten 58 Mio. Barrel OOIP erbracht. Die nachgewiesenen Reserven werden auf 484 Mboe (Mio. Barrel Öläquivalent) geschätzt, die wahrscheinlichen Reserven (die voraussichtlich durch SPFlutung erzeugt werden können) liegen bei 10.527 Mboe.

Cano hat eine Reihe von Pachtgrundstücken in einem nicht bekannt gegebenen Gebiet in Texas erworben, in dem in den 80er Jahren eine erfolgreiche Pilot-Polymer-Flutung durchgeführt wurde. Da das Unternehmen weitere Grundstücke in diesem Gebiet pachtet, wird es in dieser und in vorherigen Pressemitteilungen als das Putnam-Feld bezeichnet. Cano beabsichtigt, ein Pilotprogramm in diesem
Gebiet durchzuführen, bei dem zunächst eine Surfactant-Polymer-Flutung vorgenommen wird und dann über einen horizontal gebohrten Brunnen gefördert werden soll. Die neuesten Erkenntnisse in der SPTechnologie werden zusammen mit horizontalen Bohrtechniken eingesetzt, um so die Vorteile beider Technologien auf die effizienteste Weise zu nutzen.

"Wir sind sehr gespannt hinsichtlich der ASP- und SP-Flutung als Teil unseres allgemeinen Enhanced Oil
Recovery (EOR) -Geschäftsmodells. Obwohl sich diese Flutungstechnologien bereits weltweit als erfolgreich erwiesen haben, sind weitere Verfeinerungen der Technologie und deren Anwendung unerlässlich, da sie immer häufiger eingesetzt werden. Cano wird weiterhin aggressiv seine Strategie des Erwerbs von Objekten fortsetzen, die für die Surfactant-Polymer-Flutung und andere EOR-Anwendungen geeignet sind", fügte Johnson hinzu.

SP- und ASP-Flutung sind Enhanced Oil Recovery-Techniken, die eingesetzt werden können, um weitere Ölmengen zu fördern, die nicht mittels der primären und sekundären Ölförderungstechniken gewonnen werden können. Geringe Konzentrationen von grenzflächenaktiven Stoffen (so genannten "Surfactants"), Polymeren und anderen Additiven werden zu der bereits vorhandenen Wasserflutung hinzugefügt, um strengflüssige oder schwer zu erreichende Ölmengen aus dem Ölreservoir "herauszuwaschen", ähnlich wie Seife das Fett aus einer Pfanne löst.

ÜBER CANO PETROLEUM:

Cano Petroleum Inc. ist ein in Texas ansässiger, unabhängiger Energieproduzent mit Grundstückbesitz in

der mittleren Kontinentalregion der USA. Unter der Leitung eines erfahrenen Managementteams

konzentriert sich Cano in erster Linie auf erhöhte Produktion im Inland aus bewährten Ölfeldern unter

Anwendung verbesserter Förderverfahren. Cano wird an der American Stock Exchange unter dem Kürzel

CFW gehandelt. Weitere Informationen finden Sie unter www.canopetro.com.



INFORMATION HINSICHTLICH ZUKUNFTSBEZOGENER AUSSAGEN: Abgesehen von in dieser

Pressemitteilung enthaltenen, auf die Vergangenheit bezogenen Informationen sind die Aussagen

zukunftsbezogene Aussagen in Übereinstimmung mit den Safe Harbor-Vorschriften des Private Securities

Litigation Reform Act von 1995. Zukunftsbezogene Aussagen beinhalten bekannte und unbekannte

Risiken und Unwägbarkeiten, die unsere aktuellen Ergebnisse zukünftig von den vorausgesagten

Ergebnissen erheblich abweichen lassen können. Diese Risiken und Unwägbarkeiten beinhalten unter

anderem die Unbeständigkeit der Preise natürlicher Ressourcen, der Produktnachfrage, des Wettbewerbs

am Markt und die Risiken, die unseren Transaktionen innewohnen. Diese und andere Risiken sind in

unserem Jahresbericht auf dem Formular 10-K und anderen bei der Börsenaufsichtsbehörde (SEC)

hinterlegten Aufzeichnungen beschrieben.



Sicherheitshinweis für Investoren - Die Börsenaufsichtsbehörde (SEC) gestattet es Öl- und

Gasunternehmen in den bei der SEC hinterlegten Aufzeichnungen nur Reserven bekannt zu geben, die ein

Unternehmen durch die aktuelle Produktion oder beweiskräftige Tests nachgewiesen hat, damit sie

wirtschaftlich und rechtlich unter den bestehenden Wirtschafts- und Betriebsbedingungen erzeugbar sind.

Cano benutzt in dieser Pressemitteilung "nicht nachgewiesene Reserven", die die Richtlinien der SEC

ausdrücklich in den Aufzeichnungen der SEC untersagen. Investoren werden dringend gebeten, auch die

Veröffentlichungen in dem Formular 10-KSB von Cano für das am 30. Juni 2005 abgeschlossene

Geschäftsjahr mit einzubeziehen. Diese sind erhältlich unter der Rufnummer von Cano 800-769-7205.

Dieses Formular ist auch bei der SEC erhältlich unter www.sec.gov.

[HotSummerNights]

Hallo Zusammen,

kann mir jemand den heutigen Einbruch bei Cano erklären ? Minus 10% an der NYSE ohne eine Meldung, dabei steigt der Ölpreis in Hinblick auf die Krise mit dem Iran und ich hatte erwartet, dass Cano (wie die anderen Ölwerte auch) von diesem Preisanstieg am Rohölmarkt überproportional profitiert. Statt dessen steigen nur noch die Solaraktien, und wenn man nicht aufpasst, dann sind sie bald an der Sonne angekommen

Aus meiner Sicht ist und bleibt Cano hochinteressant: Gutes Management, interessantes Geschäftsmodell und aufgrund der begrenzten Ölmenge sicher in einem dauerhaft interessanten Segment gut aufgestellt. Also, was ist für den heutigen Einbruch verantwortlich? Ist dies eine tolee Chance zum Nachkaufen oder gibt es ernsthafte Schwierigkeiten ?

HMS (Hot Summer Nights)

[GNawracala]

Global Insider Investing (Börse Inside) vom Freitag:

Mit dem ergänzenden Play im kleinen Öl- und Gasexplorer CANO PETROLEUM
ist Ihnen exakt das gleiche Kunststück gelungen! Auch diesen Titel hatten
wir Ihnen Mitte Oktober nach auffälligen Käufen durch Insider zu Kursen um
USD 4.80 ans Herz gelegt, weil hier die Story insgesamt schlicht und ergreifend
passte: Der Titel war erst kurz zuvor vom OTC an die Amex gewechselt, was typischerweise
mit einem gewissen Time-Lag eine deutlich höhere Aufmerksamkeit
durch den Markt zur Folge hat. Nun, an dieser mangelte es spätestens dann nicht
mehr, als man erste gute Explorationsdaten und
eine gelungene Übernahme von WO ENERGY melden konnte, was eine Erhöhung
der Produktion auf einen Schlag um 200% und vor allem eine Ausweitung
der nachgewiesenen Reserven um 700% zur Folge hatte. Ein brillanter
Schachzug zur rechten Zeit. Jetzt wird der Titel an der Amex inzwischen auf
Jahreshochs von USD 9.50 gefeiert. Lehnen Sie sich hier mit den ersten 100%
im Rücken genauso entspannt zurück wie bei OMNI ENERGY, die Ihnen seit
dem Zugriff Ende November um USD 3 schon mit fast 40% Plus in den
Büchern steht!

[GNawracala]

Energie
Peak Oil - die Ölproduktion hat den Höhepunkt erreicht


25. Januar 2006 Öl und vor allem auch die Entwicklung des Ölpreises sorgte in den vergangenen Monaten für eine gewisse Furore. Denn hatte er sich lange Zeit in einer Spanne zwischen 20 und 30 Dollar je Barrel gehalten, so ist er inzwischen längst nach oben ausgebrochen und befindet sich nach wie vor in einem mittelfristigen Aufwärtstrend.


Die Gründe dafür scheinen leicht auszumachen zu sein: Auf der einen Seite hat die Nachfrage in den vergangenen Jahren nicht nur in den Industrieländern, sondern vor allem auch in den Schwellenländern aufgrund des anhaltenden Wachstums deutlich zugenommen. Auf der anderen läßt sich die Produktionskapazität offensichtlich zumindest auf die Schnelle nicht ohne weiteres ausweiten.

Seit 75 Jahren keine bedeutenden Entdeckungen



Selbst die lange Zeit beinahe unerschöpflich geltenden riesigen Ölfelder Saudi Arabiens scheinen inzwischen ihre Produktionsobergrenze erreicht zu haben. Glaubt man Experten wie dem amerikanischen „Ölbanker” Matt Simmons, so haben sie ihr Zenit längst überschritten. Die Felder lassen sich nach seiner Einschätzung nur noch mit zunehmendem Aufwand und bei abnehmender Produktionsleistung ausschöpfen.

Davon gab sich an einer Anlegertagung in Zürich auch der amerikanische Geologe Kenneth Deffeyes überzeugt. Er ist als Kind nicht praktisch auf amerikanischen Ölfeldern groß geworden und hat dort gejobbt, sondern hat danach als Geologe für die großen Firmen der Branche weltweit nach Öl gesucht. In den vergangenen Jahren hat er sich daran gemacht, die Art und Weise, mit der der mit seiner Prognose bekannt gewordene Glenn Hubbert das Produktionshoch der amerikanischen Ölindustrie für das Jahr 1970 prognostizierte und damit recht behielt, auf die Weltölproduktion zu übertragen.



Und hier scheint es ähnlich zu laufen. Deffeyes glaubt ableiten zu können, daß die Weltölproduktion sich aktuell auf einem Höhepunkt befinde. Er macht das an verschiedenen Punkten fest. Unter anderem an der Tatsache, daß die wirklich großen und bedeutenden Felder in den dreißiger Jahren entdeckt wurden. Danach habe es zwar noch viele weitere Funde gegeben, aber keinen einzigen davon in einer Skala, die die sich abzeichnende Verknappung auch nur ansatzweise abwenden könnte.

Überschätzte Ölreserven, unterschätzte Konsequenzen

Die Welt sei geologisch praktisch „abgegrast” und wenn eventuell noch größere Funde gemacht werden könnten, dann in der kaspischen Region oder im südchinesischen Meer. Die eine Region sei allerdings politisch instabil und in der anderen deute die Geologie eher auf Gas-, denn auf Ölvorkommen hin. Rußland ist zwar inzwischen zum zweigrößten Ölexporteur der Welt geworden, allerdings sei die Branche schon weit gereift. Dafür gebe es in Westsibirien noch ein riesiges Gasfeld.

Ökonomen wie Kenneth Rogoff und auch andere dächten zwar, hohe Ölpreise würden zu Investitionen und damit indirekt zu einer steigenden Ölproduktion führen, so Deffeyes. Er jedoch glaubt nicht an die Preissensitivität in diesem Bereich, sondern er rechnet in den kommenden Jahren mit einer starken Preisvolatilität. Selbst kleinste Vorkommnisse, wie etwa ein Streik in Nigeria, könnten den Preis deutlich nach oben treiben.

Allerdings sei es gleichzeitig auch denkbar, daß ein unüblich warmer Winter in den Vereinigten Staaten oder auch in Europa zu einem unter Umständen deutlichen Preisrückgang führen könne. Langfristig jedoch zeige der Trend eindeutig nach oben. Denn die Ölreserven würden überschätzt, da man viele geologische Gutachten nicht für bare Münze nehmen könne.

Südfrüchte im Winter werden wieder Luxus

Negative Effekte zeigten sich in drei Bereichen: der Landwirtschaft, im Automobilbau und in der Luftfahrt. Bei der Herstellung und der Verwendung von Düngemitteln, Pestiziden und nicht zuletzt auch Diesel müsse bewußter mit Öl umgegangen werden. Denn es lasse sich nicht überall ersetzen. Die Luftfahrt sei völlig anhängig vom Ölpreis, da es keine Alternative zu Kerosin gebe. In diesen Sinne dürfte das Einfliegen von Obst, Gemüsen oder auch Blumen aus dem warmen Süden bald zum Luxus werden. Für die Automobilindustrie gebe es gewisse Möglichkeiten. So lasse sich Diesel aus Kohle oder auch aus Palmöl herstellen. Interessant sei auch die Äthanolherstellung in Brasilien.

Die Ölgewinnung aus Ölsand - etwa in Kanada - rechne sich zwar und werde inzwischen auch intensiviert. Allerdings scheint sie sehr energieaufwendig zu sein und auch der Wasserbedarf ist hoch. Die Möglichkeiten der Ölförderung in flachen Gewässern wie Schelfs und Untiefen seien bisher immer Zukunftsmusik gewesen und würden es auch wohl bleiben. Insgesamt schienen die Energiealternativen in Gas, Kohle und der Nuklearenergie zu bestehen.

Für Anleger seien im Ölbereich vor allem die innovativen kleineren und mittleren Unternehmen interessant, zum Beispiel die kanadische Talisman Energy (ISIN: CA87425E1034). Reizvoll könnten auch so genannte Trusts sein, die von den Lizenzeinnahmen profitieren, beispielsweise der BP Prudhoe Bay Royalty Trust (ISIN: US0556301077) oder der in Deutschland nicht gehandelte Sabine Royalty Trust (SBR).


Die in dem Beitrag geäußerte Einschätzung gibt die Meinung des Autors und nicht die der F.A.Z.-Redaktion wieder.

Text: @cri
Bildmaterial: Canadian Press, CP, FAZ.NET

[GNawracala]

der hammer, damit haben wir das Kursziel vom Aktionär (8,00) erreicht! 8,03 € im Moment in Frankfurt

[GNawracala]

Business Week Online

JANUARY 30, 2006


News Analysis
By Steve Rosenbush


Squeezing The Last Drop of Oil
Companies used to leave plenty of oil within wells and move on. Now technology is allowing adventurous outfits to get at what was once inaccessible


Until a few years ago, few oil companies bothered to extract every last drop from their fields. That might seem surprising, given the ever-rising price of what the theme song from TV`s Beverly Hillbillies so eloquently described as " Texas tea."

Yet most oil wells still have a fair amount of life in them. That`s because it`s relatively easy to extract the first 20% or 30% of a field`s capacity. After that it becomes progressively more difficult and expensive to tap the remaining reserves. " That`s why for every barrel we produce, there are two more in the ground," says Jeff Johnson, founder and CEO of Fort Worth (Tex.)-based Cano Petroleum (CFW ).

Johnson, 41, a former finance executive, is betting that he can make a fortune extracting those stubborn reserves buried beneath the plains of Texas and Oklahoma. Oil is traditionally pumped by flooding wells with water. When the pressure reaches a certain point, the oil comes rushing to the surface and pours out of the well. As the field becomes depleted, the pressure created isn`t sufficient to force the oil from the ground. So Johnson is using a form of high-tech detergent that loosens the oil, much as soap loosens oil from a cooking pan.

DRAWING NOTICE. Johnson is one of many entrepreneurs who have started small businesses in the oil industry, which is dominated by giants such as Chevron (CVX ), ExxonMobil (XOM ), and BP (BP ). Another, John Fitzgibbons, went to Russia after studying international relations at Harvard and then started Integra Group. This $200 million-a-year company is focused on the oil field-services market in Russia. Fitzgibbons says that " better technology and services can help extract oil that was inaccessible just a few years ago."

Cano Petroleum, a young company, has acquired about a half-dozen wells with a total of 40 million barrels of oil in Texas and Oklahoma. It has reaped just $7 million in revenue over the past 12 months, although sales are growing at a rate of 130% a quarter.

The company has yet to turn a profit, yet investors have more than doubled Cano`s stock price over the past year, from $4.50 to $9.45. Institutional investors are starting to notice, among them Barclays (BCS ), which owns more than 300,000 shares, or 1.2% of the 25 million issued.

DOMESTIC APPEAL. Cano`s motto is " producing oil and gas in the U.S.A. for the U.S.A." Johnson says every dollar`s worth of oil that can be produced domestically is a dollar that doesn`t have to come from suppliers overseas like Saudi Arabia. And because it has been decades since a major field was discovered in the U.S., it`s vital to recover the difficult-to-drain reserves. " This is the future of the oil industry in the U.S.," Johnson says.

At the moment, Cano is supplying barely a drop to sate the seemingly insatiable U.S. thirst for oil. Its total reserves equate to about a half-day`s global production. But Johnson plans to raise more money and acquire more wells. And the thought of competition doesn`t bother him, either -- from his perspective, " there`s plenty to go around."

Advances in technology are improving access to oil in all sorts of ways, says Donald Paul, chief technology officer at Chevron. He explains that the concept of deep offshore drilling has changed dramatically since he began his career 25 years ago in the Gulf of Mexico. Back then it was difficult to drill more than 500 feet below sea level. Now it`s possible to drill 10,000 feet down, and engineers are working on robotic techniques that will make it possible to drill 15,000 feet below the surface.

PEAK OIL. No one really knows just how much oil is left in the ground. Oil companies don`t worry about creating enough reserves to last more than a few decades, because they can`t plan their businesses that far in advance. " Oil companies are in the business of selling oil, not in the business of opening up reserves," says Klaus Lackner, a professor at Columbia University`s Earth Institute.

But many people, Johnson included, believe that humanity has burned through roughly half of its oil reserves. This theory of " peak oil" suggests that a 200-year oil epoch is about half over, and that prices of oil will only rise from now on. Rising demand and dwindling reserves will keep prices well above the level that makes advanced drilling techniques worthwhile, Johnson says.

No one really knows just what will happen to the price of oil, any more than one can predict how long the supply will last. " But I`m betting that 18 to 24 months from now, the price will be a lot closer to $100 a barrel than it is to $25," Johnson says. " I don`t think there`s a better place to invest your money than in a barrel of oil."

GUSHER OF OPPORTUNITIES? Johnson is hardly the only bull. The trends in futures markets are starting to suggest that prices will remain high for a long time (see BW, 2/06/06, " Oil Prices: The New Reality" ).

Economist Ed Yardeni, chief investment strategiest at Oak Associates, thinks that a barrel of oil will cost between $55 and $65 for the rest of the year. That`s more than enough to make it worthwhile to invest in advanced drilling. " I am recommending that you overweight energy for the third year in a row," Yardeni said in a report on Jan. 26. He has an " O" rating (for overweight) on oil-drilling stocks. With a low price-to-earnings ratio of 14.3, such stocks will be a good investment for at least the next year, he believes.

S&P said earlier this month that four out of seven industries that outperformed the market came from the energy sector (see BW Online, 1/25/06, " In Search of the Unsinkable Sector" ). Other energy-exploring companies include Cimarex (XEC ), which S&P recently placed in its Top Ten portfolio (see BW Online, 1/23/06, " Cimarex Gushes Into the S&P Top 10" ).

And that`s why, as the Beverly Hillbillies sang so memorably, " the first thing you know, old Jed`s a millionaire."

[GNawracala]

die pause ist vorbei

[HotSummerNights]

So, nach dem netten Anstieg der letzten Tage ist es aus meiner Sicht Zeit, zumindest einen Teil der Gewinne zu realisieren und<den Stoppkurs auf 7,25€ nachzuziehen.

Liebe Grüße,

Euer HSN

[cybermrati]

Hi, ich bin heute auf diese AG gestossen und es ist sehr interessant was sie machen.
Nur die Ein und verkäufe sind sehr niedrig, waurm ?

[GNawracala]

meinst du handel an der Börse?

kein gepushe, deshalb relativ ruhig hier in dtld. an der AMEX ist ne menge schwung drin

ich überlege, mir jetzt ein paar ins depot zu legen, wenn mitte des Jahres oder spätestens im herbst die ganzen flutungen greifen, gehts dann ab

[cybermrati]

Hi,
will dir ja nicht einreden, aber glaubst du noch an Cano Petr. ich nicht.
Habe bei 9 EUR eingekauft und bin bei 7,90 wieder rausgegangen, seit dem kann ich sehen wie der runter geht.
Was die an Berrel auspumpen ist doch auch ein Witz 500 Brl. pro Tag. Petrochina, china Oilfielsd serivce, Far east energy, da ist was los.

Nee, über CP sehe ich keine große Zukunft (im Moment nicht).

[HotSummerNights]

[posting]20.380.890 von cybermrati am 25.02.06 14:13:06[/posting]Hallo Zusammen,

ich bin zwar vor 2 Monaten aus Cano ausgestiegen und hab mein Geld woanders investiert, habe aber den Kurs trotzdem weiter auf meiner watchlist verfolgt.

Zur Zeit sehe ich riesige Chancen, hier preiswert in einen Qualitätstitel einzusteigen, der das Potential besitzt, sich auf Jahressicht zu verdoppeln. Keine 500%-Aktie, aber eine solide mit gute Aussichten, für die Leute, die keine Solar-Fritten_Bude für 150 Mio Dollar kaufen wollen sondern ihr Geld besser als auf dem Sparbuch investieren wollen. Anlagehorizont aus meiner Sicht ganz klar 12Monate und 1 Tag, um keine Spekulationssteuer zu zahlen.

Gruß,
HSN

[HotSummerNights]

Hallo Zusammen,

es gibt NEWS zu Cano Petroleum !!!

Rund um ein Ölfeld von Cano brennen die Wälder! Cano`s Chef glaubt aber, dass die Versicherung evtl. Schäden zahlt...

Ich denke, der Zeitpunkt zum Einsteigen ist und bleibt günstig:

Hier die News:

Cano Petroleum, Inc. Cano announced this morning that production (approximately 800 barrels of oil equivalent per day) from its Panhandle Field located in the Texas panhandle counties of Hutchinson, Gray and Carson is down due to significant grass fires in the area. Cano has mobilized all available personnel from the Panhandle Field and its other operations in Texas and Oklahoma to address the condition. Fires remain burning in the area of the Panhandle Field and this event has been cited by the Texas Forest Service as probably being the one of the biggest fire days in Texas history, involving over 1,000 square miles of prairie land, including significant power outages.

Jeff Johnson, Cano`s Chairman and CEO stated: "We have no deaths or injuries to Cano personnel, we are unaware of any adverse environmental events relating to our production, we have notified our insurers and we are presently evaluating costs and the timing of bringing the production back on line. At this time we have no basis to believe that any producing reservoir has been damaged or compromised by the fires. This is a natural disaster for the Panhandle and we intend to do everything in our power to assist local residents and address the matter as it pertains to Cano`s personnel and its production."

Cano presently believes that any equipment lost will be covered by its present insurance program. Mr. Johnson indicated that further updates would be made by the company as facts are developed.

[cybermrati]

Oh jeee, ein Waldbrannt und wer zahlt den Verlust der Arbeitstage und den fehlenden Öl Förderung! Die Versicherung zahlt den Material, die beim Brannt entstanden sind nicht den Verlust des Öls.

Diese Firma wird wieder Richtig Interessant werden, wenn der Öl Pris auf die 90 $ pro Berrel bewegt und nicht früher.

Solange die Preise für Öl runter geht, lohnt sich das Unternehmen eher als eine exFreundin, die man im schwarzen Buch mitführt und gelegtlich einen abstecher bei Ihr macht

[sunbeamer]

Scheint nicht ganz so dramatisch zu sein, an der Nasdaq ging der Kurs jedenfalls nur um 3,5 % zurück. Siehe auch die Meldung hier:

Cano Petroleum Issues Update On Panhandle Field Status Due To Fires - Quick Facts

Monday, March 13, 2006; Posted: 04:42 PM

(RTTNews) - Cano Petroleum Inc. (CFW | charts | news | Powerrating) said replacement piping and other equipment were immediately ordered and have begun arriving in its Panhandle Field located in the Texas panhandle counties of Hutchinson, Gray and Carson.

The company earlier stated that production about 800 barrels of oil equivalent per day from its Panhandle Field was down due to significant grass fires in the area

Was mir allerdings mehr Sorgen macht ist, dass der Kurs seit Februar 06 um mehr als 30% zurück gegangen ist. Das find ich schon sehr heftig. Meinungen dazu?

[HotSummerNights]

[posting]20.669.745 von sunbeamer am 13.03.06 23:55:37[/posting]Der Anstieg war auch sehr heftig, die Aktie kam von ca. 3,5 Dollar und ist in der Spitze auf über 10 Dollar gestiegen, da werden auch mal Gewinne mitgenommen und der eine oder andere sucht sich ein neues Ziel (andere Aktie).

Fundamental bin ich jetzt wieder für Cano, der Preis für eine Aktie ist okay, bei den nachgewiesenen Ölvorkommen beim aktuellen Öl-Preis um 60 Dollar ist die Aktie günstig.

Da die Förderung bei Cano aber deutlich teuerer ist als bei den primären Ölquellen, profitiert die Aktie natürlich überproportional von steigenden Ölpreisen...

HSN

[HotSummerNights]

Einstiegspreise !!! Kaufen !!!
HSN

[cybermrati]

Also bevor ich wieder Cano reinhole,
Investiere ich mein Geld in einer Petro Unternehmen die Pro Tag 2,16 Mio. Barrel fördert, 2 mal im Jahr Dividenden zahlt und der Spass daren es kostet pro Aktien nur 0,80 Cent.

Es gibt nur ein Unternehmen "PETROCHINA"

Fazit, Iran dreht den Ölhahn zu, dann steigt Petrochina auf die 4- 8 EURO

[sunbeamer]

March 16, 2006, 11:40AM
(BW) Cano Petroleum Updates Panhandle Field Status

By Business Editors
(c) 2006 Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--March 16, 2006--As a further supplement to its prior releases, Cano Petroleum, Inc. (AMEX: CFW) ("Cano") today provided additional information regarding production (approximately 800 barrels of oil equivalent per day ("BOEPD")) from its Panhandle Field located in the Texas panhandle counties of Hutchinson, Gray and Carson that has been affected by recent significant grass fires in the area.

As of today, production from the Panhandle Field has been restored to 475 BOEPD. While a main electrical service line supplying the field remains out of service, crews from the local utility are presently on site and working to restore the line.

Cano remains on or ahead of schedule to have all of its production from the Panhandle Field restored to pre-fire levels (800 BOEPD) by mid April.

[GNawracala]

Hier mal was aus der US-Presse
die sehen das hier auch als gelegenheit "billiger einzusteigen als viele Insider" (s.u.)

When Low Hanging Fruit Doesn’t Satisfy the Hunger
By Michael Brush
March 16, 2006

Back when oil was cheap – say $10 a barrel – energy companies could afford to be cavalier, extracting surprisingly small amounts of crude from an energy field before moving on.

To grab the proverbial “low hanging fruit,” they’d use a relatively simple technique of drilling a deep hole into a reserve base. The natural underground pressure – seeking an escape -- pushed crude towards the well hole where it could be removed.

With this approach, oil companies would typically grab only 10%-15% of a given reserve, pack up and move on to more easy pickings.

But now, with oil above $50 a barrel, we are circling back to take another look at these “abandoned” energy fields – applying advanced technology to extract an additional 50% or so of the initial reserve base.

Insiders have recently been buying shares at one tiny Texas-based company at the forefront of this effort. And if you look at the long-term potential of Cano Petroleum (CFW), you can imagine why insiders are still buying at current levels, nearly twice where the stock was a year ago.

Based on its reserve base – excluding likely acquisitions – there is a plausible case that this $7 stock will rise to the low- to mid-$20 range in a few years, offering a triple to anyone who buys now.

Enhancing returns

Cano uses two techniques that extract a lot more energy out of “abandoned” fields. The first is called water flooding. Cano injects water into an energy field and applies lots of pressure to force the water and crude towards a well hole, where the crude is then brought up to the surface. The crude is separated out. Then the water gets re-injected. This technique can bring up another 10% to 30% of a reserve base.

The next step is called alkaline-surfactant-polymer (ASP) flooding. Here, those three substances are injected along with water to pull up another 15% to 25% of a reserve base. The surfactant cleans oil off the rock – like soap cuts grease in a frying pan. The polymer helps spread the mix through more of the rock. And the alkaline keeps the rock from absorbing the surfactant.

These more sophisticated – and more costly – methods of taking oil out of the ground are known as “enhanced oil recovery” in the industry.

“We provide the capital and the technology needed to bring more oil out of the rocks,” says Cano chief executive Jeffrey Johnson. “We are a technology play in mature oil fields. We figure out how to shake a little more off the rock in the ground.”

Probable upside

Cano’s current assets include six mature fields located in Texas and Oklahoma. That adds up to “proved reserves” of about 40 million barrels of oil equivalent (BOE). Take out the debt and work through the math, and that gives Cano shares a theoretical value of about $11.25.

The big potential upside in the stock comes when you factor in the “probable reserves” of 105 million BOE in Cano’s fields. That works out to about $48 per share. If you cut that in half to account for the risk that not all of this estimated oil reserve is coming up, you get a potential stock price of $24 per share over the next few years.

True, these are only “probable” reserves, behind the price target. But Cano is in the business of converting probable reserves into the real thing with its enhanced oil recovery. So its estimates carry some weight. “We pay a fair value for what is proved, and we pay nothing for the upside of the probable. And through technology we move the probable to proved,” says Johnson.

Improbable risk

But what if China stops growing, peace suddenly breaks out in the Middle East and the price of oil plummets? That could put the kind of work Cano does on hold. But it’s not a likely scenario.

Amir Arif, a Friedman Billings Ramsey energy analyst who has made several astute calls in other columns of mine over the years (http://moneycentral.msn.com/content/P137301.asp), believes steady demand from fast-growing countries like China and India – along with geopolitical risk – will soon start pushing oil prices upwards again. These factors also suggest oil won’t decline in a big way, any time soon.

Besides, oil would have to fall back down below $25 a barrel for Cano’s technology to be too costly to use. What’s more, the company has three years worth of hedges that pay off when oil drops below $60 per barrel this year, and below $55 per barrel over the next two years.

The bottom line: Cano takes its name from Spanish explorer Juan Sebastián del Cano who successfully took over an expedition after the death of its leader, Magellan. The story gives this company’s name a nice ring, considering the kind of work it does. And unless oil goes back down to the $20 range and stays there, Cano is unlikely to meet the fate of its namesake, who died crossing the Pacific in his very next outing. Meanwhile, Cano shares have been weak over the past few days because grass fires in Texas partially shut down one field. The sell off gives you the chance to buy below the lowest levels where insiders most recently bought, or $7. I’d take advantage of the discount because this disaster is a one time event that doesn’t really affect the long-term story behind this company.

Disclaimer

At the time of publication, Michael Brush did not own or control shares in any of the companies listed in this column. Mr. Brush is an independent columnist for this web site.

For more on Insiders Corner disclosure, see the disclosure section in About Insiders Corner: http://www.investorideas.com/insiderscorner/. InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. InvestorIdeas is not affiliated or compensated by the companies mentioned in this article.

[tilt]

[posting]20.751.739 von GNawracala am 17.03.06 07:41:07[/posting]das hört und liest sich so gut das mir dazu nur noch eins einfällt
"wer kann dazu noch nein sagen"

mfg tilt

[cybermrati]

ICH ICH ICH sag NEIN, <zitat:"das kleine Arschloch">

Nein im ernst, lass ruhig die Aktie auf 2 EUR runter sacken und dann schauen wir mal, was die Fördermenge macht und wie die Zahlen sich entwickelt haben

[sunbeamer]

[posting]20.855.127 von cybermrati am 19.03.06 18:38:14[/posting]Cybermrati, erkläre doch bitte mal der geneigten Leserschaft, wieso du mit einer derartigen Einschätzung der Aktie zum ATH von 9 EUR eingestiegen bist? Die Logik bei deinen Gedankengängen würde ich echt gern verstehen...

[cybermrati]

hi Sunbeamer,

es war mal vor einem Monat, da lass ich die Zeitschrieft (das erste mal) "Der Aktionär", treu nach dem Motto: Die Jungs wissen was sie da tun.
Es wurde von denen Empfohlen, kauft Cano Petr., ich tat es "BLIND"
Was passierte, paar Wochen später musste ich erkennen was das für ein trauriges Laden ist !!!
Und hab viel viel Geld verloren, und somit bin ich verbittert

Und es geht laut dem Trend weiter runter!

Aber ich gebe dieser Aktie noch eine letzte Chance bei 2 EUR, wenn die da wieder abschmiert, sag ich nur Pech gehabt.

Hoffe du verstehst mein Sarkasmus

[sunbeamer]

Antwort auf Beitrag Nr.: 20.855.724 von cybermrati am 19.03.06 19:33:48

cybermrati, da würde ich mir an Deiner Stelle lieber mal Gedanken machen, ob "Der Aktionär" die beste Informationsquelle ist? Der "traurige Laden" ist jedenfalls nicht Cano. Aber eventuell eine Zeitschrift, die eine Aktie zum ATH und nach einem Anstieg von 100% in zwei Monaten zum sofortigen Kauf empfiehlt?

@ All hier noch ein Update zu Cano:

Cano Petroleum Announces Suit Against Company By Local Land And Mineral Owner - Quick Facts

Monday, March 27, 2006; Posted: 12:16 PM

(RTTNews) - Monday, Cano Petroleum Inc. (CFW | charts | news | Powerrating) said it and certain of its subsidiaries have been named as defendants in a lawsuit by a local land and mineral owner, seeking damages and other relief relating to the recent grass fires in the Texas panhandle.

Cano believes that the suit is without merit and intends to vigorously defend itself. Cano said its subsidiary also plans to seek compensation for lost production, damages and other costs from those who are determined to be at fault for the fires and the effects thereof.

Copyright(c) 2006 RealTimeTraders.com, Inc. All Rights Reserved

[Badtiming]

Da wird doch schon wieder nach Stop-Lossen gefischt in USA. Ich will über die 8 !

[sunbeamer]

Couple files suit over fire damage

Wire Report

AMARILLO - A Roberts County couple who had about 13,000 acres of land burned in the March wildfires has sued an energy company, claiming it was responsible for sparking the blaze.

According to the lawsuit filed by Joseph and Judy Hutchison of Miami, vegetation was ignited by equipment and electricity lines for which Cano Petroleum Inc. and its subsidiaries are responsible.

Representatives from Cano and W.O. Operating Co., a subsidiary, said Thursday that their companies do not comment on pending litigation.

The Hutchisons also contend that the companies neglected equipment and failed to correct fire hazards despite knowing the region's high fire risk, according to the suit filed Monday in Amarillo state court.

The lawsuit seeks compensation for losses of livestock, wildlife, grass for grazing and more than four miles of fencing.

[sunbeamer]

Antwort auf Beitrag Nr.: 21.206.924 von sunbeamer am 15.04.06 17:26:37

April 18, 2006 10:08 AM US Eastern Timezone
Cano Petroleum CEO Responds to Lawsuit from Texas Panhandle Landowner on March Fires; Panhandle Production at 95% of Normal Operation
FORT WORTH, Texas--(BUSINESS WIRE)--April 18, 2006--Cano Petroleum, Inc. (AMEX:CFW) ("Cano") Last month, Cano Petroleum Chairman and CEO Jeff Johnson helped Cano's subsidiary, W.O. Operating Company, direct its employees' efforts in response to massive wildfires in the Texas Panhandle. Three weeks later, Johnson is stunned and disappointed that Cano and three of its subsidiaries have been sued by the Burnett Trust, owners of the Four Sixes Ranch.

"We don't understand it. It looks like they want to fight fires with lawsuits," said Johnson. "Our focus has been on protecting the land and the people during this extraordinary drought. Over the past four months, hundreds of grass fires in the Texas Panhandle have been blamed on careless cigarette disposal, fireworks, trash burning, and, even, arson. The claims in this lawsuit are an unbelievable stretch."

Johnson noted the suit was filed only 11 days after the fire started and before any state or federal agency issued a report identifying possible causes of one of the largest wildfires to ever hit the Panhandle.

"The legal blame game has begun, even without the facts," said Johnson. "Presumably, state and federal investigators will also examine the origin of the ten fires at Four Sixes that preceded the March blazes," said Johnson.

The Cano Chairman and CEO said the company and its subsidiaries have spent the past 30 days focusing on "helping things get back to normal" for employees. Production in the Panhandle field is now at 95% of normal operations.

"Texans, especially the folks in the Panhandle, suspect that the real cause of the tragic fires that occurred in March is Mother Nature," said Johnson. "We have been too dry for too long. Litigation that blames some other cause is, quite frankly, a sad situation and a rush to judgment."

Johnson said the company is deeply concerned about its employees and all those affected by the fires and current conditions in the Texas Panhandle.

"Our people are back to work, and we are assisting our industry's workers so they, too, can return to their livelihood," said Johnson.

[GNawracala]

kommt doch wieder leben in die Bude

nächste fette übernahme:

Press Release Source: Cano Petroleum, Inc.

Cano Petroleum Announces $24 Million Panhandle Acquisition
Monday May 1, 6:00 am ET


FORT WORTH, Texas--(BUSINESS WIRE)--May 1, 2006--Cano Petroleum, Inc. (Amex:CFW - News; "Cano") announced today that a wholly owned subsidiary has closed an acquisition of producing oil and gas properties in the Texas Panhandle Field for a purchase price of $24,000,000.
The acquisition adds approximately 400 net barrels of oil equivalent (BOE) to Cano's daily production and approximately 7 million BOE to Cano's proved reserves, of which approximately 2.1 million BOE are proved producing. The properties cover approximately 9,700 acres and include 2 workover rigs and other equipment valued at approximately $1.25 million. The properties offset existing production and are intended to be incorporated into existing operations without any measurable increase in G&A costs.

The effective date of the acquisition is February 1, 2006 and the acquisition was funded through an existing credit facility with Union Bank of California. As a part of the financing terms, 50% of the newly acquired production will be hedged with a 'floor' at $60 per barrel and $7.60 per mcf during the three year period beginning May 2006. The three year hedge does not have a 'ceiling' which would limit the upside potential in the event that oil prices increase.

Jeff Johnson, Cano's Chairman and CEO stated "This acquisition, at a cost of $3.25 per BOE of proved reserves, constitutes further evidence of Cano's ability to identify and target acquisition opportunities within our core areas which provide excellent operational synergies, efficient use of existing infrastructure and personnel, and meaningful reserve and production accretion."

Cano will hold a conference call with a slide presentation to discuss the acquisition on Tuesday, May 2, 2006, at 2 P.M. Eastern Time (1 P.M. Central Time).

Interested parties can participate in the call by dialing 866.831.6267 (617.213.8857 outside the U.S.). The passcode is 32727815. The call and the presentation is also being webcast by Thomson/CCBN and can be accessed via the webcast icon on Cano's website at www.canopetro.com.

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano's primary focus is on increasing domestic production from proven onshore fields using secondary and enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the "safe-harbor" provisions of those Acts. Many important risks, factors and conditions may cause the company's actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company's filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Contact:
Investor inquiries:
Cano Petroleum, Inc.
Craig Scott, 800-769-7205
[e-mail]
or
Media inquiries:
HWH Public Relations/New Media
Norman Iannarelli, 203-856-3487
[e-mail]

[HotSummerNights]

Hallo Zusammen,

Cano ist bei dem aktuellen Ölpreis total unterbewertet, ich erwarte hier kurzfristig einen Anstieg bis mindestens 10 US-Dollar, und selbst dann bleibt die Aktie noch günstig, wenn man sieht, was vergleichsweise für die Öl-Explorer bezahlt wird, bei denen der Aktienkurs nur aus der Hoffnung besteht, man könne irgendwo auf der Welt Öl finden. Mit der Technologie von Cano würde ich gerne auf die Indonesischen Ölfelder vom Bäckermeisters Lieblingsaktie "Ona Exploration" losgehen, wenn dort 94 Mio Barrel im Boden liegen und bislang "nur" 34 Mio Barrel gefördert wurden, dann ist hier ein glänzendes Geschäft zu machen...
Dort könnten mit "state of the art" Fördermethoden vermutlich mindestens weitere 25 Mio Barrel gefördert werden, vermutlich sogar deutlich mehr...
Bei den Ölfeldern von Cano liegen auch entsprechend große Reserven, bei denen ein Teil als "nachgewiesene Reserve" zum vollen Preis bewertet wird, ein weiterer Teil als "erwartete Reserve" jedoch noch nicht mit diesem hohen Niveau bewertet werden kann. Sollte die Technologie ihren Siegeszug weiter fortsetzen, dann sind auch Aktienkurse bis 25 US-Dollar auf Sicht von 24 Monaten durchaus gerechtfertigt.

Ich werde auf dem aktuellen Niveau jetzt auch wieder einsteigen, die Aktie ist nach unten durch die nachgewiesenen Ölreserven gut abgesichert, nach oben besteht der beschriebene Spielraum.
Da die Förderung ab einem Ölpreis von ca. 25-30US Dollar profitabel ist, ist auch mittelfristig nicht damit zu rechnen, schließlich bauen auch die Ölmultis ihre Kapazitäten aus, um in Kanada aus Ölsand Rohöl zu gewinnen, auch hier liegt die Profitabilitätsschwelle bei ca. 25 US-Dollar pro Barrel...

HSN

[GNawracala]

Press Release Source: Cano Petroleum, Inc.

Cano Petroleum Announces Third Quarter 2006 Earnings Conference Call
Monday May 8, 9:00 am ET


FORT WORTH, Texas--(BUSINESS WIRE)--May 8, 2006--Cano Petroleum, Inc. (Amex:CFW - News), an oil and gas producer specializing in secondary and enhanced oil recovery, will hold its quarterly conference call to discuss fiscal third quarter 2006 results on Tuesday, May 16, 2006, at 10:00 A.M. Eastern Time (9 A.M. Central Time). The company will also discuss its outlook for the remainder of fiscal year 2006 and beyond.
Interested parties can participate in the call by dialing [phone] or [phone] (outside the U.S.). The passcode is 66097599. This call is being webcast by Thomson/CCBN and can be accessed at Cano's website at www.canopetro.com.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano's primary focus is on increasing domestic production from proven onshore fields using secondary and enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of natural resource prices, product demand, market competition, and risks inherent in our operations. These and other risks are described in our Annual Report on Form 10-KSB and other filings with the Securities and Exchange Commission.



Contact:
For investor inquiries:
Cano Petroleum, Inc.
Director of Capital Markets
Craig Scott, 800-769-7205
[e-mail]
or
For media inquiries:
HWH Public Relations/New Media
Norman Iannarelli, 203-856-3487
[e-mail]

--------------------------------------------------------------------------------

[sunbeamer]

Antwort auf Beitrag Nr.: 21.474.617 von GNawracala am 08.05.06 15:18:25

May 15, 2006 04:17 PM US Eastern Timezone
Cano Petroleum Announces Third Quarter 2006 Results
FORT WORTH, Texas--(BUSINESS WIRE)--May 15, 2006--Cano Petroleum, Inc. (Amex:CFW) today announced its financial results for the third quarter ended March 31, 2006. Following are selected financial highlights from the Company's 10-QSB:

Third Quarter Results

For the three months ended March 31, 2006, Cano reported a net loss of $1.131 million, or $.05 per diluted share, on revenues of $5.423 million. The net loss included a loss on derivative hedging instruments of $1.275 million. For the three months ended March 31, 2005, Cano recorded a net loss of $775 thousand, or $.07 per diluted share, on revenues of $1.462 million.

For the three months ended March 31, 2006, Cano's sales were 57 MBbls of oil and 229 MMcf of natural gas, or 96 MBOE, a 210% increase when compared to the quarter ended March 31, 2005. During the current reporting period, the average prices the Company received for its oil and natural gas were $61.95 per barrel and $8.08 per Mcf, or $56.49 per BOE. For the same period ending March 31, 2005, oil sales were 24 MBbls at an average price of $49.39 per barrel and natural gas sales were 41 MMcf at an average price of $5.60 per Mcf, or 31 MBOE at an average price of $47.16 per BOE.

Operating revenue for the three-month period ended March 31, 2006, was $5.423 million, up 71% compared to $3.163 million for the prior three-month period ended December 31, 2005. Operating income for the three-month period ended March 31, 2005, was $368 thousand, compared to an operating loss of $407 thousand for the previous quarter. The increase was primarily related to increased production volumes due to receiving three full months of production from the Panhandle acquisition and increased oil and gas prices.

Nine months Results

For the nine months ended March 31, 2006, Cano reported a net loss of $3.076 million, or $.14 per diluted share. Included in the net loss was $497 thousand of operating loss, as well as the loss on hedging contracts of $2.910 million. For the nine months ended March 31, 2005, Cano recorded a net loss of $2.150 million, or $.24 per diluted share, which included $2.160 million of operating loss.

For the nine months ended March 31, 2006, Cano's sales were 120 MBbls of oil and 394 MMcf of natural gas, or 186 MBOE, a 121% increase when compared to the nine months ended March 31, 2005. During the current nine month reporting period, the average prices the Company received for its oil and natural gas were $60.69 per barrel and $8.14 per Mcf, or $56.62 per BOE. For the same period ending March 31, 2005, oil sales were 62 MBbls at an average price of $47.78 per barrel and natural gas sales were 133 MMcf at an average price of $5.94 per Mcf, or 84 MBOE at an average price of $45.00 per BOE.

Operating revenue for the nine-month period ended March 31, 2006, was $10.532 million, up 179% compared to $3.780 million for the nine-month period ended March 31, 2005. The increase was primarily related to increased production volumes due to the Panhandle acquisition and increased oil and gas prices.

Balance Sheet Review

At March 31, 2006, current assets were $5.033 million, which included $1.319 million of cash. Current liabilities were $1.548 million and long-term debt was $42.750 million. The Company's credit facilities as of March 31, 2006 had $2 million available. As of March 31, 2006, the Company's net capitalized costs associated with its oil and gas properties and other equipment were $106.487 million. Its stockholders' equity was $39.482 million.

Hedging Activities

Pursuant to Cano's senior and subordinated credit agreements, the Company was required to enter into financial contracts in second quarter of Fiscal 2006 to hedge its exposure to commodity price risk associated with expected oil and gas production. For calendar years 2006, 2007, and 2008, the hedged production amounts, as expressed in barrels of oil equivalent per day, are 832, 781, and 735, respectively. Cano entered into financial contracts to set the following price floors for calendar years 2006 through 2008:

-- Crude oil production of $60/barrel for 2006, and $55/barrel for 2007 and 2008.

-- Natural gas production of $8.50/mcf, $8.00/mcf, and $7.50/mcf for 2006, 2007, and 2008, respectively.

The Company has no derivative hedging contracts that set a price ceiling. Therefore, it is entitled to 100% of its revenue receipts and, if crude oil and natural gas NYMEX prices are lower than the price floor, it will be reimbursed for the difference between the NYMEX price and floor price.

During the three- and nine-month periods ended March 31, 2006, there were settlements under our derivative agreements due to Cano amounting to $140,996, which is included in our Consolidated Statements of Operations under "Crude Oil and natural gas sales." The settlements were cumulative monthly payments due to Cano since the NYMEX gas price was lower than the $8.50 "floor gas price." The cash flows relating to the derivative instruments are reflected in operating activities on our statements of cash flow.

Management Comments

Jeff Johnson, Cano's Chairman and CEO, stated, "We are very pleased with the company's progress over the last quarter. We turned a significant corner during the quarter, producing net operating income for the first time. We anticipate that this trend will continue, barring a substantial decrease in commodity prices." FINANCIAL STATEMENTS AND SCHEDULES FOLLOW

CANO PETROLEUM CORPORATION
Operating Revenue Summary
Three- and nine months Ended March 31, 2006 and 2005
(unaudited)

Quarter ended
March 31,
------------------------ Increase
2006 2005 (Decrease)

Operating Revenues $5,422,987 $1,461,885 $3,961,102

Sales
- Oil (MBbls) 57 24 33
- Gas (MMcf) 229 41 188
- Total (MBOE) 96 31 65

Average Price
- Oil ($ / Bbl) $61.95 $49.39 $12.56
- Gas ($ / Mcf) $8.08 $5.60 $2.48


Nine months ended
March 31,
------------------------ Increase
2006 2005 (Decrease)

Operating Revenues $10,532,227 $3,780,437 $6,751,790

Sales
- Oil (MBbls) 120 62 58
- Gas (MMcf) 394 133 261
- Total (MBOE) 186 84 103

Average Price
- Oil ($ / Bbl) $60.69 $47.78 $12.91
- Gas ($ / Mcf) $8.14 $5.94 $2.20

See 10-QSB and accompanying notes to these unaudited financials


CANO PETROLEUM CORPORATION
Consolidated Balance Sheet - March 31, 2006
(unaudited)

ASSETS
------

Current assets
Cash and cash equivalents $1,319,253
Accounts receivable 2,154,435
Derivative assets 980,589
Other current assets 579,156
-------------
Total current assets 5,033,433
-------------

Oil and gas properties, successful efforts method 107,849,380
Less accumulated depletion and depreciation (1,361,955)
-------------
Net oil and gas properties 106,487,425
-------------

Fixed assets and other, net 4,610,888
Derivative assets 1,426,684
Goodwill 785,796
-------------
TOTAL ASSETS $118,344,226
=============

LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------

Current liabilities
Accounts payable $877,089
Oil and gas payable 304,482
Accrued liabilities 274,090
Taxes payable 73,265
Current portion of asset retirement obligations 19,442
-------------
Total current liabilities 1,548,368
-------------
Long-term liabilities
Long-term debt 42,750,000
Asset retirement obligations 1,566,261
Deferred tax liability 32,998,000
-------------
Total liabilities 78,862,629
-------------

Commitments and contingencies (Note 12)
Stockholders' equity
Common stock, par value $.0001 per share; 50,000,000
authorized; 26,847,941 issued and 26,832,158
outstanding; including 2,659,975 shares held in
escrow 2,685
Additional paid-in capital 52,665,502
Accumulated deficit (13,081,516)
Treasury stock, at cost; 15,783 shares held in
escrow (7,102)
Deferred compensation (97,972)
-------------
Total stockholders' equity 39,481,597
-------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $118,344,226
=============

[sunbeamer]

May 26, 2006, 3:25PM
(BW) Cano Petroleum Announces Fire-Related Litigation

By Business Editors
(c) 2006 Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--May 26, 2006--Cano Petroleum, Inc. (AMEX:CFW) ("Cano") today announced that it and certain of its subsidiaries have been named as defendants in two lawsuits by local land owners, filed in state court in Roberts County, Texas, seeking damages and other relief relating to the recent grass fires in the Texas panhandle. Cano maintains the suits are without merit and the company intends to vigorously defend itself.

Jeff Johnson, Cano's Chairman and CEO stated, "We continue to stand firmly by our previous statements and strongly believe that the plaintiffs' allegations are not supported by the facts."

Cano's appropriate subsidiary intends to seek compensation for lost production, damages and other costs from those who are determined to be at fault for the fires and the effects thereof.

[GNawracala]

das ist doch mal endlich wieder was richtig positives!

CANO PETROLEUM PROVIDES AN OPERATIONAL UPDATE AND DISCUSSES
COVENANT COMPLIANCE

FORT WORTH, Texas. June 14, 2006--Cano Petroleum, Inc. (“Cano”) (Amex:CFW) today
provided an operational update, discussed impending lender covenant issues and rescheduled its
earnings call.

Operational Update
After the closing of its latest acquisition in the Panhandle Field announced on May 1, 2006, Cano
stated that its current production is approximately 1,550 net barrels of oil equivalent per day. The Company indicated that it remains on schedule to begin pilot programs for surfactant polymer injection at its Corsicana and Nowata Fields in September, 2006 and November 2006, respectively.

The Company also announced that re-completion operations in its Corsicana Field have yielded positive results and that further production testing is ongoing. Additionally, the Company indicated that a re-completion and stimulation (fracing) operation in its Desdemona Field has resulted in initial 48 hour flow rates of approximately 850,000 cubic feet per day of gas production on a 17/64 choke from the previously un-produced Duffer formation at an approximate depth of 3,500’ with a
flowing tubing pressure of approximately 950 lbs. Additional re-entry and re-completion operations in the Desdemona Field in the Duffer formation are also ongoing. The Company noted that surface
facilities construction for its waterflood program in its Desdemona Field is progressing on schedule, with full injection operations anticipated to commence prior to September 1, 2006.

Covenant Compliance
The Company indicated that it has been engaged in discussions with its senior and subordinated lenders regarding the modification of an impending payment obligation and other covenants. While
there can be no assurance that the lenders will agree to adjust these requirements, based upon the June 14, 2006/Page 2
most recent discussions, the Company is optimistic that the discussions will result in mutually acceptable modifications.

Earnings Call
The Company will re-schedule its earnings and operational update call next week.

Management Comments
Jeff Johnson, Cano's Chairman and CEO, stated, “We continue to be pleased with the Company’s progress and have turned a significant corner during the last quarter, producing net operating income for the first time. The re-completion results being seen in our Corsicana and Desdemona Fields are very encouraging and we remain enthusiastic about beginning our surfactant polymer injection and waterflood programs.”

ABOUT CANO PETROLEUM:
Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the midcontinent region of the United States. Led by an experienced management team, Cano’s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this
news release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company
intends that all such statements be subject to the “safe-harbor” provisions of those Acts. Many important
risks, factors and conditions may cause the company’s actual results to differ materially from those
discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or
forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest
rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of
Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the
company’s filings with the Securities and Exchange Commission. The historical results achieved by the
company are not necessarily indicative of its future prospects. The company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise.
# # #

[Homm13]

Kam da heute eine Empfehlung raus, oder warum steigt der Kurs so??!!

[Homm13]

Sieht wohl nach einem Rebound aus...

[Homm13]

Jetzt weiß ich auch warum der Kurs gestiegen ist, der Rohstofftrader hat Cano Petroleum in das Musterdepot aufgenommen mit einer Kurschance von 150% bei einem Kurs von 3,6 damals, da ist noch viel Luft drin

[Homm13]

CANO PETROLEUM INC Aktueller Kurs (AMEX, 23.06.2006 16:17)
Letzter Kurs: 5,50 Local-Id: 137801106
Veränd. abs.: +0,250 Symbol: CFW
Veränd. in %: +4,76 % ISIN: US1378011068

[Homm13]

Schlußkurs heute an der Amex

CANO PETROLEUM INC (RT-ECN)
Symbol: CFW
Last Trade: 5.53 3:51PM ET
After Hours Change: N/A
Today's Change: 0.28 (5.33%)
Bid: 5.00
Ask: 6.00

[GNawracala]

Antwort auf Beitrag Nr.: 22.254.163 von Homm13 am 23.06.06 23:32:38

www.rohstofftrader.de ??

oder wie?

[HotSummerNights]

Hallo Zusammen,

eigentlich erstaunlich, wie wenig "Cano Petroleum" bislang von den dauerhaft hohen Rohölpreisen profitiert hat. Mal sehen, ob mit den nächsten Zahlen hier zumindest im Operativen Geschäft ein Hinweis gegeben wird, dass diese Firma einen (sehr) ordentlichen Cash-Flow generiert.

HSN

[Golfbladerunner]

[ramtto2]

Kommt drauf an ob Cano Petroleum aus der dreiecksformation nach oben oder nach unten ausbricht, ich denke das ist erst mal wichtig.

[macsoja]

Antwort auf Beitrag Nr.: 23.399.576 von ramtto2 am 11.08.06 14:09:54

Wann kommen die nächsten Zahlen?

[entombed1966]

Seit Tagen und Wochen dümpelt der Kurs so vor sich hin... warum tut sich nichts? Hat jmd. eine Ahnung wieso die Firma vom allgemeinen Öl-Hoch nicht profitiert?

[Golfbladerunner]

jetzt geht es wieder los !

Cano Petroleum, Inc. Enters into Agreement for $81 Million Equity Funding
Ticker Symbol: U:CFW


FORT WORTH, Texas -- (Business Wire) -- Aug. 29, 2006

Cano Petroleum, Inc. (Amex:CFW) ("Cano") today announced
that it has entered into definitive agreements with institutional
investors, in a private equity transaction, to sell approximately
49,116 shares of convertible preferred stock at a price of $1,000.00
per share and approximately 6,584,247 shares of common stock at a
price of $4.83 per share, the three day average closing price of the
stock prior to the execution of the definitive agreements, plus a
warrant component. Written commitments were received on August 25,
2006. The convertible preferred stock will be convertible to common
stock at a price of $5.75 per share and the common stock will be
subject to 25% warrant coverage at an exercise price of $4.79 per
share. Gross proceeds from the transactions are anticipated at
approximately $81 million. Closing of the transactions is subject to
certain closing conditions, including approval of Cano's senior lender
and the American Stock Exchange.
¶ Cash proceeds from the financing will be used to retire
approximately $69 million in current debt, provide working capital and
for general corporate purposes, including the funding of Cano's fiscal
2007 capital budget.
¶ The convertible preferred, common stock and warrants offered in
the private placement have not been registered under the Securities
Act or state securities laws and may not be offered or sold in the
United States absent registration with the Securities and Exchange
Commission or an applicable exemption from the registration
requirements.
¶ This notice shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to the registration or qualification under the
securities laws of such state.

¶ ABOUT CANO PETROLEUM:

¶ Cano Petroleum Inc. is an independent Texas-based energy producer
with properties in the mid-continent region of the United States. Led
by an experienced management team, Cano's primary focus is on
increasing domestic production from proven onshore fields using
secondary and enhanced recovery methods. Cano trades on the American
Stock Exchange under the ticker symbol CFW. Additional information is
available at www.canopetro.com.
¶ Safe-Harbor Statement -- Except for the historical information
contained herein, the matters set forth in this news release are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. The company intends that all such
statements be subject to the "safe-harbor" provisions of those Acts.
Many important risks, factors and conditions may cause the company's
actual results to differ materially from those discussed in any such
forward-looking statement. These risks include, but are not limited
to, estimates or forecasts of reserves, estimates or forecasts of
production, future commodity prices, exchange rates, interest rates,
geological and political risks, drilling risks, product demand,
transportation restrictions, the ability of Cano Petroleum, Inc. to
obtain additional capital, and other risks and uncertainties described
in the company's filings with the Securities and Exchange Commission.
The historical results achieved by the company are not necessarily
indicative of its future prospects. The company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
Contacts:

Cano Petroleum, Inc.
Sam Smith, 877-698-0900
[e-mail]

[GNawracala]

heute im ticker:

Invest America:

Ein Unternehmen, das auf diesem Gebiet quasi Pionierarbeit geleistet hat, ist die Firma Cano Petroleum. Bei Cano hat man den Schiefer mit einer seifenlaugehaltigen Flüssigkeit unterirdisch „getränkt“, um so das Öl trotz der unzureichenden Porosität des Schiefers quasi „aus dem Gestein zu treiben“. Die Gesamtausbeutungsquote ist zwar nach wie vor bescheiden, konnte von Cano aber weit mehr als verdoppelt werden – nicht zuletzt auch zum Wohle der Cano Aktionäre.

Gerade solche Pioniere wie Cano sind es, die durch die Entwicklung einer neuen Fördertechnik oder aber die Erschließung ganz neuer Gebiete der ganzen Öl- und Gasbranche einen Quantensprung verschaffen.

[edelupolino]

Antwort auf Beitrag Nr.: 23.399.576 von ramtto2 am 11.08.06 14:09:54

leider ist die negative entwicklung eingetreten....mal abwarten, wann ich wieder einsteige...

[macsoja]

Um auf den Thread-Titel zurückzukommen:
Wer hätte gedacht, daß das völlig neue Level so tief sein würde?

Die Aktie hat auch in den USA sämtliche Linien nach unten durchbrochen. Auch dort herrscht das Schweigen im Walde.

Man kommt auch recht schlecht an neuere fundamentale Informationen ran.

Wie hoch ist die aktuelle Tagesproduktion?
1550 Barrel? (Info Juni)

Wieviele Barrel werden eigentlich durch das einzigartige Verfahren gewonnen und wieviele ganz normal?

Wie groß der Anteil, der zur Schuldentilgung verwendet werden muß?

Welche langfristigen Verträge zu welchen Preisen sichern den Absatz in nächster Zeit?
Derzeit beruht ja ein Teil der Einschätzung der Reserven auf folgenden Durchschnittspreisen, oder?
2006 -> 60$
2007 -> 55$
2008 -> 55$

Kurz:
Kann oder würde CANO überhaupt von steigenden Ölpreisen profitieren und wenn ja, ab wann?

Wie sieht es mit der Verschuldung und dem Schuldenabbau aus?
Derzeit wächst die Tagesproduktion scheinbar nur durch Merger.

Kann diese Firma sich überhaupt selbst finanzieren oder ist man noch immer auf Kredite angewiesen?
Habe was von 22 Mitarbeitern gelesen.

Oder anders gesagt:
Wie fundamental gesund ist diese Firma?

Möglicherweise gibt es auch das übliche Explorer-Geschäftsmodell:
Finden von möglichst hohen Bewertungsmodellen, die eine hohe Bewertung der Aktien ermöglichen und dann Aufkauf von anderen Unternehmen und dadurch Umsatzsteigerung, um noch etwas größer zu werden. Bis irgendwann die Blase platzt.

Und die Frage ist:
Zu welchem Kurs ist das Unternehmen wirklich fair bewertet?

Als Grunddaten haben wir die 9-Monatszahlen
- 9-Monats-Umsatz von 10 Mio$
- Bewertete Ölreserven 100 Mio

Und die etwas unklare Fördermenge.

Wichtig auch, zu welchen Kosten CANO das Öl nun fördert, hierzu kann ich momentan nix finden. Normalerweise müßten sie ja täglich an der Verbesserung arbeiten und dies auch veröffentlichen.

Fazit:
Die Idee ist gut, die Firma versucht wohl zu schnell zu wachsen und das Risiko steigt, daß es nicht funktioniert. Indem z.B. zu viele Felder erworben werden, die zwar theoretisch den Firmenwert steigern, praktisch aber nicht bewirtschaftet werden.

Der Kurs nähert sich wohl langsam dem wahren Wert und der Rest war vorher Phantasie und optimistische Schätzung.

Und die Frage ist ja auch, warum sollten nicht große Ölförderer dieses Verfahren bei den eigenen Feldern einsetzen? Ab einem bestimmten Ölpreis würde es sich auch für sie rentieren. Aber möglicherweise ist dieser Preis noch nicht erreicht und derzeit sind die Alarmglockken bzgl. des Öls auch wieder verstummt.

Für mich heißt das:
Selbst wenn CANO das Potential hat, so müssen noch sehr viele Faktoren zusammenlaufen, damit die Firma ein wichtiger Player im Ölgeschäft wird. Wahrscheinlicher ist aber, daß einer der Großen das Geschäft bzw. die Idee einfach übernimmt, wenn CANO sich überhoben hat.
Ich denke so sehen es die meisten auch. Und wenn die Aktie noch einmal zurückkommt, dann eher als kurzfristiger Zock, wo sich am Ende viele die Finger verbrennen und einige mit Gewinn aussteigen.

Bin gespannt, was Ihr dazu denkt, evtl. habe ich ja gewisse Aspekte übersehen.

[sunbeamer]

Immerhin machen sie Gewinne:

Cano Petroleum Swings To Profit In Q4 On Higher Revenues - Update

Monday, September 25, 2006; Posted: 06:55 PM


(RTTNews) - Monday, Cano Petroleum, Inc. (CFW | charts | news | PowerRating) an independent oil and gas company, announced financial results for its fourth quarter, reporting a profit compared to a loss prior year on higher revenues. The Fort Worth, Texas-based company reported fourth quarter net income of $1.231 million or $0.06 per share, compared to net loss of $0.82 million or $0.05 per share in the previous year quarter. The net income for the latest quarter was benefited from a one time $1.840 million income tax benefit from the Texas margin tax enacted during the quarter and also included a loss on derivative hedging instruments of $335 thousand.

Operating revenue for the quarter was $7.876 million, up 362% from $1.701 million in the same period last year. Operating income for the three-month period ended June 30, 2006, was $883.6 thousand, compared to an operating loss of $824.4 thousand in the same quarter last year. The increase was primarily related to increased production volumes reflecting the Panhandle and Pantwist acquisitions.

Quarterly sales increased to $7.876 million from $1.701 million in the corresponding quarter prior year.

During the second quarter, Cano sold 73 MBbls of oil and 295 MMcf of natural gas at prices of $68.25 per barrel of oil and $9.80 per Mcf of gas in comparison with sales oil sales of 27 MBbls at $49.65 per barrel and natural gas sales were 47 MMcf at $7.04 per Mcf.

For fiscal 2006, Cano reported a net loss of $1.844 million or $.08 per share, compared to a loss of $2.97 million or $0.29 per share a year ago.

Sales for fiscal 2006 were $18.41 million compared to $5.48 million in the prior year.

CFW closed Monday's regular trading session at $3.75, down $0.10 or 2.60%.

Copyright(c) 2006 RealTimeTraders.com, Inc. All Rights Reserved

[GNawracala]

interessanter Artikel zu unkonventioneller Ölförderung - Cano wird auch erwähnt:

Quest for oil goes to ends of the earth

By Sheila McNulty

Published: October 9 2006 18:15 | Last updated: October 9 2006 18:15

One hundred and forty miles out into the Gulf of Mexico, the most high-tech drill ship in the world is drilling a well 4,300ft below the water.

The process is risky, expensive and time-consuming. It takes about 80 days and requires about 350 people to work at least 12-hour days in two-week shifts, monitoring the drilling of a well that reaches 19,000ft below the ocean floor.

The equipment being pushed down into the ocean from Transocean’s Discoverer Deep Seas ship must pass through a canopy of salt, and even the latest seismic technology cannot clearly reveal what is underneath.

An unforeseen pressure surge arising from beneath the salt can force the well to close, requiring Chevron to restart the $500,000-a-day process. Meanwhile, the drill ship must often battle against swift currents to stay steady, and “run” from the hurricanes that sweep through the Gulf every year.

“We’re always pushing the limits, always pushing the frontiers,” says Mickey Driver of Chevron. With unprecedented demand forcing energy prices into record territory this year, international oil and gas companies are going deeper, in increasingly untested areas on both land and in water, to scour the earth for more resources. The most easily accessible fields are fast running out, and growing nationalism over natural resources is blocking international companies’ efforts to replace them in the traditional manner. This forces companies such as Chevron, BP and Shell to turn to innovation, technology and forward-looking management to survive.

Part of the challenge is to get the latest equipment and the right skills in place. Chevron is the largest leaseholder in the deep water section of the Gulf but, like everyone else, it is dependent on the oil services industry to get its findings to market. That means competing with the global oil and gas industry for experienced workers and cutting-edge technology.

“We need more of everything,” says Larry Nichols, chief executive of Devon Energy, a US oil and gas company, referring to both experienced workers and the latest drilling and production equipment. “We’re all raiding each other for geologists and other staff because we’re all trying to drill.”

Competition has hit new heights in the rush to capitalise on record oil and gas prices. Brian Smith, general manager of deep water projects for Chevron’s north America exploration and production business, says some service contractors have warned oil companies they are so overstretched they cannot take new orders for three years. Much of the equipment used to service the shallow waters of the Gulf has been bid away by foreign countries with better prospects, such as Saudi Arabia.

This is one reason why Chevron has agreed to pay double the current $245,000 a day to hang on to the Discoverer Deep Seas when its lease on it expires within the next two years. The vessel is one of only 10 rigs in the world capable of drilling in 10,000ft of water and the only one that has gone beyond 10,000ft in drilling for oil. That will put the daily cost of drilling with the ship, including everything from feeding its employees to drill bits, to close to $1m a day. And that is only at one location – Chevron is exploring and producing oil and gas throughout the world at a cost of $40m a day.

“We will spend $1.8bn on this Tahiti project [for which Discoverer Deep Seas is being used] before we get one drop of oil to sell in 2008 – six years after discovering the field,” Mr Driver says. And even then, Chevron will have to spend an additional $1.7bn to bring the field up to full production.

It is all part of the survival process for international oil companies. Despite once dominating the industry, they face the prospect one day of ending as bit players, given that national oil companies own 80 per cent of the world’s remaining oil and gas reserves.

Over the years, national oil companies have learnt the skills of extraction and production that were perfected by the international oil companies. Some have realised the companies are at their mercy and have increasingly cut the foreigners’ physical and financial control over their projects.

“For these companies to survive, they need continuous access to resources,” says Robin West, chairman of PFC Energy, the consultancy. “The international oil companies have to work harder and harder to find resources.”

That goes for on land as well as in the water. Exploring and producing energy on land – where only one in every 10 wells is successful – comes with its own risks. In some places, such as the biggest oilfield in the US at Prudhoe Bay, Alaska, those risks are heightened by temperatures that fall as low as 70 degrees below zero Fahrenheit.

In the 1970s, the American Petroleum Institute gave workers on the 800-mile trans-Alaska pipeline a booklet entitled “Staying Alive in the Arctic”. It described the harsh conditions and gave instructions on how to dress for them, while noting that the booklet itself could be used to start a fire in an emergency.

At Prudhoe Bay, Nicholas Russell, a BP contract worker, says it is sometimes so cold in the winter that workers in the field must return to warming shelters for 15-minute breaks every 30 minutes. The dangers are real: 31 lives were lost in the three years and two months it took to build the trans-Alaska pipeline and accidents have continued over the years.

In Texas, workers are coping with 100-degree heat as they fracture shale about 8,000ft under the ground beneath them. Three hundred million years ago, the rock trapped and compressed the remains of living organisms that thrived here when it was an ocean. These evolved into natural gas, which oil companies have now discovered they can get out of the solid rock: highly pressurised water is pumped underground to crack the rock, horizontally, across a 2,000ft section. Sand mixed in the water holds the rock open to give the gas a pathway through which to escape up into the pipeline.

The process of developing the Barnett Shale gas field, which underlies 15 counties in the Dallas-Fort Worth area, is more difficult than it sounds, requiring the pumping of 300,000 pounds of sand and 1m-2m gallons of water per job, without tapping into the underlying table of salt water.

“If cracks go into the salt water, it could kill your well,” says George Jackson, Devon’s operations supervisor for the Barnett Shale. “That’s the enemy of the oil field.”

After the rock is fractured – usually a day-long process – it takes up to 90 days to drill and complete a well so that it can be hooked into a pipeline. To save money and prevent gas from venting into the atmosphere, Devon builds the pipeline even before it completes the well.

“This is an unconventional gas play and the only reason it exists is our ability to adapt [using] innovation and technology,” says Chip Minty, Devon spokesman.

Indeed, in 2002, the entire field was producing 300m cubic feet of natural gas a day; now it produces 1.2bn cubic feet a day, with Devon producing half of that. With gas prices at about $2 per thousand cubic feet a few years ago, few considered it worth the investment. But the surge in prices to $7 per thousand cubic feet and spikes as high as $15 per thousand cubic feet have made it economical.

“It wasn’t even on the radar screen six years ago,” Mr Jackson says. Yet, in the second quarter of this year, Devon drilled about 100 wells in a 90-day period in the Barnett Shale. Now that the technology has become economically viable, says Mr Minty, the rush is on to find the new Barnett Shale.

“Technology has opened up a lot of areas,” says Mr Nichols. Before 2000, he explained, the industry did not have seismic technology to see below salt formations. Even though it remains an imperfect technology, it is enough for companies, such as Chevron with its Tahiti field, to exploit the deep seas.

That said, Jim Hackett, chief executive of Anadarko, the leading independent oil company, says the biggest advances took place in the mid-1980s, with 3-D seismic technology and horizontal drilling. “Since then, we have had evolutionary advances, which are magnificent and phenomenal, but they are not revolutionary,” Mr Hackett says.

Those developments include Cano Petroleum’s use of alkaline-surfactant-polymer technology in mature fields to “clean” any remaining oil off the underground rock, and ExxonMobil’s use of technology that simultaneously identifies a target zone, puts holes in a pipe through which rock can be fractured and produces natural gas – in one quick process.

“With conventional fracturing technology, it can take several weeks to complete a few high-quality fracture treatments in one well,” Exxon says, adding its new process “has treated up to 22 zones in a single day”.

Nonetheless, Mr Hackett is eager for the enormously high levels of investment going to technology improvements to produce something revolutionary: “What the world needs is continuous change in the energy cost equation.” With that, the industry can “produce affordable energy for the world”.

And, he might have added, the international oil companies can continue to expand the volume of precious oil and gas reserves within their grasp.

Costs and dangers rise on the road to an exploration

Before international energy companies can begin to extract oil and gas, they must secure the rights over geographical areas, or “blocks”, for exploration. On top of that, the leasing company pays an annual fee to hold those rights. These costs, though, are skyrocketing everywhere.

“The signature bonuses seen in the latest round offshore Angola are nothing less than staggering,” says Paul Sankey, oil analyst at Deutsche Bank. “With the top three blocks attracting more than $3.1bn in bonuses, plus another $240m in social project allocations, the companies have far exceeded bonuses seen anywhere else.”

Wood Mackenzie, a consultancy, thought it significant enough to write an entire report on the 2005-2006 Angola licensing, in which it noted that the lowest bonus submitted was for $15m from BP, the UK oil giant, and the highest was the $1.1bn Sonangol-Sinopec bid by the Angolan-Chinese joint venture. “The staggering gulf between these two bids demonstrates the appetite that some companies have to secure acreage even when prospectivity is unproven.”

While some fields are more likely than others to contain oil or gas, given finds in surrounding areas, no company knows precisely what a field holds until it begins to exploit it.

In a typical three-square-mile offshore block in the Gulf of Mexico, bids for the right to explore for 10 years run from several hundred thousand dollars to several million dollars and can occasionally spike to $30m, according to Paul Siegele, Chevron’s deep water Gulf of Mexico vice-president. Plus Chevron pays an annual “bonus” fee of up to $50,000.

Then it must buy or gather seismic data by dragging special microphones behind a boat. This helps the company decide whether to drill exploration wells to determine whether the field holds oil or gas. Its appraisal wells will then show whether there is enough there to warrant the high cost of investing in a platform or to sell the field on to someone else.

Tom Burlas, Chevron’s deep water appraisal manager, likens the appraisal process to putting two straws in the ocean and “making a lot of assumptions” based on what comes up. “At the end of that stage, there are still a lot of uncertainties,” Mr Burlas says. Indeed, three out of every four exploration wells drilled in deep water do not yield hydrocarbons.

When oil or gas are found, production equipment must be ordered from builders in various countries and then assembled before towing the completed platform out into the Gulf. Pipelines are built and buried on the sea bed to carry the hydrocarbons to shore.

At such depths, companies often use equipment that has never been used before. That certainly is true of Chevron’s Tahiti project in the Gulf of Mexico, for which the Discoverer Deep Seas is being used. “The biggest challenge is that we get them to work,” said Brian Smith, Chevron’s general manager of deep water projects. And in a business as competitive as this, companies cannot afford to wait for someone else to test the equipment.

The Financial Times Limited 2006

[GNawracala]

BBC Interview mit Cano CEO Jeff Johnson:

http://news.bbc.co.uk/nolavconsole/ifs_news/hi/newsid_606000…

[GNawracala]

und noch nen interview:

http://www.wallst.net/audio/audio.asp?symbol=CFW&id=2638

[GNawracala]

mal was allgemeines:

Wealth Daily
Monday, October 30th, 2006

The Real Price of Oil...Try $322.00 per Barrel
By Steve Christ

With the mid term election season drawing to a conclusion next week, the recent decline in the price of gasoline has been welcomed news by the Republican Party. And while you may be tempted to call it an October surprise one thing is certain-falling gas prices have been a boon to the party

It is kind of silly, really, but not to be totally unexpected.

After all, if there is one thing that nearly every American driver obsesses about, it is the price of gas.

But while the current price at the pumps has been seemingly kind to consumers and the GOP alike, it is only because it doesn't accurately reflect the reality of its true costs.

In fact, it is not even close.

That's because, in truth, the price of a barrel of oil is a fantasy.

Sure, its spot price may be about $60/barrel, but the reality is that the true cost of a barrel is much, much higher.

How much higher you ask? Try $262.00 per barrel higher.

That means that the true cost of barrel oil is not $60 as is widely believed, but a hefty $322.00 or 5.3 times its spot price.

That's because the spot price of a barrel of oil is a completely insufficient measure of its cost. It only involves the unit price and fails to take into account all of the costs associated with keeping those millions of units flowing.

And as we know, in the bloody and turbulent world of the Persian Gulf, it is both American blood and treasure that keeps it all going.

And while we can certainly never even begin to calculate the value of the lost and broken American lives created by this struggle, we can, in fact, estimate its cost in tax dollars.

It's how I came up with my price.

That's because according to estimates, we spend nearly half of our entire $448 billion defense budget protecting and ensuring the free flow of the 853 million barrels of oil that we get every year from the Persian Gulf.

And given the realities created by such huge numbers, that means that we spend an additional $262.00 on each of these units in order to bring them safely to market.

So while we can all now happily fill up at a mere $2.10 per gallon, the actual price of that gas is much higher once you have added in the cost of the defense dollars necessary to bring it to market.

Add in its cost in blood and its true price is off the charts.

It is sad but... true.

Maintaining, the illusion is more costly than we think.

[GNawracala]

Mal was allgemeines:

Die Welt
Spekulationen über Produktionskürzung treiben Ölpreis
Frankfurt/Main - Spekulationen auf weitere Produktionskürzungen durch die Opec haben den Ölpreis am Mittwoch steigen lassen. Händler führten die Spekulationen auf Aussagen des saudi-arabischen Ölministers Ali al-Naimi zurück, der sich besorgt über die hohen Lagerbestände in den USA und anderen Industrienationen gezeigt hatte. Ein Barrel US-Leichtöl verteuerte sich am Terminmarkt um deutliche 28 Cent auf 59,21 Dollar. Das Fass Nordseeöl der Sorte Brent zur Lieferung im Dezember kostete mit 58,81 Dollar 33 Cent mehr als am Vortag. "Wir konzentrieren uns derzeit darauf, Angebot und Nachfrage in Balance zu bringen", sagte der Ölminister von Qatar, Abdullah al-Attiyah.

Nach Einschätzung von Naimi zeigen die hohen Lagerbestände, dass der Markt überversorgt ist. "Uns geht es nicht um dem Preis, uns geht es darum, dass der Markt im Gleichgewicht ist", hatte der Vertreter des weltgrößten Erdölexporteurs am Dienstag gesagt. Attiyah zufolge könnte das Kartell auf seiner nächsten Sitzung am 14. Dezember eine weitere Drosselung der Produktion beschließen. Die Organisation Erdöl exportierender Staaten (Opec) hatte bereits zum 1. November eine Verlangsamung der Produktion beschlossen, an die sich bis jetzt jedoch nicht alle Mitglieder des Kartells halten.

Bei den Industriemetallen setzte sich die Kursrallye bei Zink zunächst fort. Der Zink-Future stieg mit 4530 Dollar pro Tonne auf ein Rekordhoch. Die in den Warenhäuser der London Metall Exchange (LME) eingelagerten Zinkbestände sind am Dienstag auf den tiefsten Stand seit März 1991 gefallen. Im weiteren Handelsverlauf rutschte der Zinkpreis dann jedoch auf 4480 Dollar pro Tonne ab.

rtr
Artikel erschienen am 09.11.2006

[GNawracala]

Zahlen:

CANO PETROLEUM ANNOUNCES FY 2007 FIRST QUARTER RESULTS,
OPERATIONAL UPDATE AND EARNINGS CALL

FORT WORTH, Texas. November 14, 2006--Cano Petroleum, Inc. (Amex:CFW) today announced
its financial results for its fiscal year first quarter ended September 30, 2006. Following are
selected financial highlights from the Company’s 10-Q:

First Quarter Results
For the three months ended September 30, 2006, Cano’s revenues were $8.7 million, $6.7 million
above the same period last year. The company recorded a net loss of $636 thousand or $0.02 per
share. The loss included a number of one-time items discussed below.

For the three months ended September 30, 2006, Cano's sales were 73 MBbls of oil and 376 MMcf
of natural gas, or 136 MBOE, a 289% increase when compared to the quarter ended September 30,
2005. During the first fiscal quarter, the average prices the Company received for its oil and natural
gas were $68.94 per barrel of oil and $8.40 per Mcf of gas, or $63.63 per BOE. For the same period
ending September 30, 2005, oil sales were 28 MBbls at an average price of $60.36 per barrel and
natural gas sales were 42 MMcf at an average price of $6.22 per Mcf, or 35 MBOE at an average
price of $55.60 per BOE. The increases were primarily related to increased production volumes
reflecting the acquisitions of W.O. Operating and Pantwist properties which closed in November
2005 and April 2006, respectively, and cash reimbursements received under our hedging contracts.

General and administrative expenses of $3.2 million increased $1.8 million over the same quarter
last year. In addition to increased headcount this year, the quarter included additional legal
expenses associated with the fire litigation as well as one-time charges totaling $445 thousand.

Depreciation expense of $1 million was $868 thousand higher than last year reflecting the higher
production volumes.

Interest expense of $1.9 million included a one time charge of $509 thousand associated with
retiring $15 million in subordinated debt. Also included in the other income category was an
unrealized gain on hedge contracts of $536 thousand. This gain reflects the mark to market
valuation of the derivatives in place at September 30 for our floors on oil and natural gas. (See
schedule attached).

During the quarter the company closed on an $81 million private placement of convertible preferred
and common equity. Dividends on the preferred are included in the net loss applicable to common
stock. The amount of $268 thousand includes payment-in-kind of $148 thousand.

FY 2007 Q1 Earnings Release /Page 2


Significant Developments

During our first fiscal quarter we announced that we received full funding from private placements
of common and convertible preferred securities with gross proceeds of approximately $81 million
and net proceeds of approximately $76 million. We also announced that we retired approximately
$15 million of subordinated debt and paid down approximately $54 million of senior debt with the
proceeds. We ended the period with $6.45 million of cash on hand and no outstanding balance
under our senior credit facility.

Operational Update

Desdemona Field

Gas sales began in October 2006. We are currently selling approximately 200 Mcfpd gross, 160
Mcfpd net to Cano’s interest. This gas is being produced from the Marble Falls formation from 2
existing wellbores that were recently recompleted. A third well that was recently recompleted in
the Marble Falls is scheduled to be online in the next 10-15 days. Current gas sales are restricted
due to high line pressure. We will be adding compression capacity with the anticipation of
additional gas production coming online as we analyze the results of the current new drilling
program.

Our 10 well Marble Falls/Barnett Shale drilling program has begun. We currently have 2 drilling
rigs running in the Desdemona Field. Our first Marble Falls/Barnett Shale well, #E8, reached total
depth of 3,450 feet on November 10th and was cased and cemented on November 11th. The well
encountered over 125 feet of highly fractured Barnett Shale with over 20% porosity in spots and
over 75 feet of highly fractured Marble Falls carbonate with over 7% porosity. We anticipate
completing this well within the next 10 days.

Our second Marble Falls/Barnett Shale, #E2, well is currently drilling at 3,100 feet with anticipated
total depth to be reached in the next few days. With 2 rigs under contract, we anticipate completing
our initial 10 well program over the next 75 days.

We will begin drilling our initial waterflood pattern of up to 4 water injection wells and 7 producers
as soon as we complete our 10 well Marble Falls/Barnett Shale program as described above. We
anticipate water injection to begin in March/April of 2007.

Corsicana Field

The drilling of our waterflood pattern has been initiated.

We currently have 1 drilling rig and 1 workover rig running in the Corsicana Field. To date we
have drilled and cased 7 waterflood pattern wells and are drilling on well number 8. Up to 3
additional wells will be drilled to re-establish a waterflood pattern with water injection commencing
in February/March 2007. Open hole logs reveal remaining oil saturations in the 50% to 55% range
in the Nacatosh sandstone at a depth of approximately 800 feet.


FY 2007 Q1 Earnings Release /Page 3

The high remaining oil saturations, combined with the Polymer Pilot response that was conducted in
1983-1984 establish this field as a prime Alkaline-Surfactant-Polymer candidate. Based on the
waterflood pattern response and timing, an ASP pilot will be designed to be implemented in the
June/July 2007 timeframe.

Panhandle Field – Phase I Waterflood Development

Facilities design, permitting and procurement for our planned Phase I waterflood are on budget and
on schedule.

We are moving in a drilling rig and have 15 workover rigs currently running in the Panhandle
Field. The drilling rig is planned to drill 9 replacement wells with the workovers intended to return
20 wells to production in the Phase I waterflood development. The Phase I waterflood patterns are
on schedule to be complete with water injection to begin in the March/April 2007 timeframe. Our
aggressive workover program in the remainder of the field has increased production over 50
BOEPD in November.

Nowata Field

We currently have 2 workover rigs running in the Nowata Field with approximately 6 of 15
scheduled wells having been returned to production to date. ASP Pilot plant design and
procurement are on schedule for a March/April 2007 start-up.

Davenport Field

We have 2 workover rigs running in the Davenport Field with approximately 8 of a scheduled 24
wells having been returned to production to date. We anticipate having all scheduled wells being
returned to production within 90-120 days. Upon completion of all workovers, we anticipate
initiating an ASP pilot project in FY 2008 contingent upon successful laboratory studies.

Management Comments

Jeff Johnson, Cano's Chairman and CEO, stated, “The execution of our capital budget program for
FY 2007 remains the focus of our attention. This operational update provides evidence of our
significant execution of that budget.”

Earnings Call

The Company will hold an earnings call to discuss fiscal first quarter results and provide an update
on its operations on Thursday, November 16, 2006, at 4:15 P.M. Eastern Time (3:15 P.M. Central
Time).

Interested parties can participate in the call by dialing [phone] or [phone] (outside
the U.S.). The passcode is 66097599. This call is being webcast by Thomson/CCBN and can be
accessed at Cano’s website at www.canopetro.com.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual
investors can listen to the call at www.earnings.com, Thomson’s individual investor portal,
FY 2007 Q1 Earnings Release /Page 4

powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents
(www.streetevents.com), a password-protected event management site.

[GNawracala]

ups, da schaut man mal nen paar wochen nicht rein und da geht es doch tatsächlich aufwärts mit Cano

habt ihr das hier mitbekommen?

Cano Petroleum Announces New Field Barnett Shale Discovery & Operational Update
Tuesday December 12, 2:44 pm ET

FORT WORTH, Texas--(BUSINESS WIRE)--Cano Petroleum, Inc. (AMEX:CFW - News) announced today a new field discovery in its Desdemona Field located in Eastland County, Texas. The company has successfully completed its first vertical Barnett Shale well (#E-8) with an Absolute Open Flow (AOF) rate of approximately 820 mcfpd, at a depth of approximately 3,450 feet from a 125 foot thick producing interval. The #E-8 was fracture stimulated on November 17th and flow tested for 10 days resulting in a stabilized flow rate of approximately 400 mcfpd and 100 barrels of water per day. Current gas sales from this well are approximately 350 mcfpd. Water production appears to be coming from the Marble Falls formation which is situated directly above the Barnett Shale. The water will be re-injected into the Duke Sand formation where the company is planning to initiate a waterflood in 2007.
Gas sales from the #E-8 well commenced on November 24th, 27 days after spud date. Due to extensive existing infrastructure in this field, Cano has the capacity to deliver up to 10 mmcfpd under its existing gas sales contract and is currently exploring opportunities for up to 20 mmcfpd of additional capacity.

In addition to the #E-8 well, Cano has drilled and completed 3 additional Barnett Shale wells in the field and has fracture stimulated 2 of them (#E2 and #E10). Both wells are currently flowing back load water while the remaining well (#E11) is scheduled to be stimulated within the next 7 days. The company is currently drilling ahead with two drilling rigs on its 5th and 6th wells in the field. Cano currently plans to complete only the Barnett Shale formation in its previously announced 10 well program in field and will later look to test the Marble Falls formation. The Marble Falls formation is currently producing from 3 wells the company re-completed earlier this year in the field. Gas sales from these Marble Falls wells are approximately 135 mcfpd. The company is examining the addition of gas compression for the Marble Falls wells as their current gas sales are being restricted due to high line pressure.

Cano anticipates having all 10 Barnett Shale wells in its initial program drilled and completed by February 2007. Upon completion and evaluation of this 10 well program, field development for both the Barnett Shale and Marble Falls formations could be continued on 20 acre vertical well spacing.

"We are very encouraged about the early results from our Barnett Shale drilling program," said Jeff Johnson, Cano's Chairman and CEO. "With our approximately 10,000 contiguous acre position and 20 acre spacing, this new field discovery could provide significant added value for our shareholders."

OPERATIONAL UPDATE

Panhandle Field - Phase I Waterflood Development

Cano has 1 drilling rig and 15 workover rigs running in the Panhandle Field. Cano has drilled and completed the first waterflood replacement well in its Phase I pattern. The company plans to drill up to 20 replacement wells prior to commencing Phase I of waterflood operations in its Cockrell Ranch Unit. The company anticipates Phase I water injection to commence in the second quarter of calendar year 2007, with initial response anticipated in the fourth calendar quarter of 2007.

Desdemona Field - Waterflood Development

Cano anticipates beginning drilling of its initial waterflood pattern of up to 4 water injection wells and 7 producers in the Desdemona Field in the first calendar quarter of 2007, with water injection anticipated to commence in the second calendar quarter of 2007. Initial response is anticipated in the fourth calendar quarter of 2007.

Corsicana Field

Cano currently has 1 drilling rig and 1 workover rig running in the Corsicana Field. To date the company has drilled and completed 11 waterflood pattern wells out of a total of 16 total anticipated to be drilled. The company plans to re-establish a prior waterflood with water injection commencing in the second calendar quarter of 2007. Based on the waterflood pattern response and timing, an ASP pilot is anticipated to be designed and is projected to be implemented in the third calendar quarter of 2007.

Nowata Field

Cano currently has 2 workover rigs running in the Nowata Field with approximately 10 out of 15 scheduled wells to date having been returned to production. The company has sourced surfactants, polymers and plant facilities for a scheduled second calendar quarter 2007 start-up of an ASP pilot.

Davenport Field

Cano has 2 workover rigs running in the Davenport Field with 12 of a scheduled 24 wells having been returned to production to date. The company anticipates having all scheduled wells being returned to production within 90 days. Upon completion of the workovers, the company anticipates initiating an ASP pilot project in the first calendar quarter 2008 contingent upon successful laboratory studies.

Jeff Johnson, Cano's Chairman and CEO said, "As is evident from our increased level of activity, Cano remains on track to expend our previously announced FY 2007 $41 million capital budget."

[GNawracala]

P.S. wenn euch Cano + deren Geschäftsmodell gefällt, dann schaut euch mal Rancher Energy (WKN A0JK03) an. Die sind auch im EOR-Business aber mit CO2-Flutung, nicht Chemikalien. Der Unterschied: die sind zwar erst am Anfang, werden aber schon 2007 und dann richtig 2008 richtig abgehen, was die produktion angeht (so das management) mehr infos hier:

Thread: Rancher Energy mit Monsterumsätzen in den USA

[GNawracala]

was allgemeines:

Pinch at the pump worst in 25 years

The state's motorists paid an average of nearly $2.81 a gallon for
gasoline this year, eclipsing a 25-year inflation-adjusted record,
the California Energy Commission said. And experts predicted more
price pressures at the pump in 2007. By Ronald D. White.

http://email.latimes.com/cgi-bin1/DM/y/eBFOw0MS1dy0G2B0ICAP0…

[GNawracala]

Barnett Shale casts $hadow over city
Robert Francis - January 01, 2007

The Dale Resources drilling rig just east of downtown Fort Worth didn’t quite overshadow the towering skyscrapers of the city – but, symbolically, it might as well have.
The fact that the city sits atop the Barnett Shale, one of the fastest-growing energy plays in the country, began to have a real impact in 2006 and any skeptics appear to be hiding under the nearest shale rock.

“This is going to be here a long time,” said Mayor Mike Moncrief. “Our grandchildren will still be reaping the benefits of this.”

Others began to take notice as well. The Barnett Shale has become more than just the hottest natural gas play in the nation; it’s become one of the hottest news stories as well. The New York Times, The Washington Post, The Wall Street Journal, National Public Radio and ABC News all have done stories on the swath of gas-laden black rock known as the Barnett Shale.

And the media aren’t the only people taking note of the Barnett Shale. Just take a look at oil and gas property values as calculated by the Texas Comptroller of Public Accounts. In 2000, those values were calculated at $1.2 million for Tarrant County. In 2005, those values jumped – or maybe catapulted – to $741.8 million.

Three years ago, Devon Energy Corp., the largest producer in the Barnett Shale field, estimated the company’s economic impact in the Barnett Shale natural gas fields in Wise, Denton and Tarrant Counties at $611 million. That’s pocket change compared with the estimated economic impact of $1.36 billion – including support for 8,800 jobs – in an enlarged development area that includes the three core counties of Tarrant, Denton and Wise, along with six additional surrounding counties.

The data comes via an updated report on Devon’s economic impact compiled by the University of North Texas’ Center for Economic Development and Research.

“It’s still growing,” said Bernard L. Weinstein, director of the Center for Economic Development and Research. “It’s quite possible it’ll be the largest gas play before all is said and done.”

The drilling and exploration have had an impact not only on personal wealth but also on the revenues of governmental entities. Ad valorem taxes paid directly by Devon to taxing jurisdictions in the study area approached $45 million in 2005, with $8 million going to counties and county agencies, such as hospital districts and community college districts; $1.1 million went to municipalities; and area school districts made the grade with $35 million in related property tax revenues.

Devon’s impact on the area will only increase over the next five years, according to the report. The reports says that for the years 2006 through 2010, Devon’s impact on total economic activity in the nine-county study area will exceed $15 billion, supporting an average of about 19,600 jobs each year paying almost $4.6 billion in salaries, wages and benefits.

Advances in drilling technology and the stabilization of natural gas prices have deepened interest in the once seemingly impenetrable Barnett Shale – a large geological formation centered in Tarrant, Denton, Wise, Parker and Johnson counties, where gas reserves are encased inside tightly packed black rock. The energy industry has known about the natural gas for years, but could not release it from the rock efficiently and economically. About six years ago, companies began experimenting with new fracturing and horizontal drilling techniques that worked effectively to release the gas and the rush was on.

Initially, it looked like the only economically viable portion of the Barnett Shale would be an area known as the core area in Denton, Wise and Tarrant counties, but several companies devised ways to drill effectively in other areas of Parker and Johnson counties. Late in 2006, one Fort Worth company, Cano Petroleum, drilled a well in the Barnett Shale in Eastland County, which, if accepted by the Texas Railroad Commission, would bring the number of Barnett Shale counties to 20. As of Sept. 1, 2006, there were 911 wells in Tarrant Country that had produced 374.2 million cubic feet of natural gas, according to figures from Powell & Co.

There’s more to come, according to Brad Foster, central division manager for Devon Energy Corp., the largest producer in the Barnett Shale.

“We believe we’re getting better than 12 percent of the gas out of the shale and we’re getting better as we go along,” he said.

All this activity has not gone unnoticed by area residents, particularly when wells have gone in neighborhoods. As a result, several cities have adopted regulations on drilling within city limits.

Fort Worth’s buffer between residences and gas wells was 300-feet, but last May, following a natural gas well accident in nearby Forest Hill that killed a local contractor, the city’s Gas Well Drilling Task Force increased that distance to 600-feet.

Not everyone thought that was enough, but several cities have followed Fort Worth’s lead.

While some energy companies have steered clear of urban drilling, one area company is making it a specialty. Dale Resources LLC of Dallas, founded by Larry Dale, focuses on tapping into the Barnett Shale inside city limits with minimal disruption to the city and its residents.

It’s a complicated process, said David Buchanan, director of community affairs at Dale, speaking at November’s Barnett Shale Symposium, sponsored by the Fort Worth Business Press and Real Estate Section of the Tarrant County Bar Association.

“Where a company drilling in a rural section can get a 250-acre tract with one signed lease, we may have to have more than 600 signed leases to accomplish the same thing,” he said. “It’s a much more complicated process.”

Also complicating drilling in the Barnett Shale is water. Exacerbated by the drought, energy companies were sometimes the whipping boy – particularly in Parker County – for their water use.

According to the Texas Railroad Commission, each vertical well with a fracturing job uses approximately 60,000 to 80,000 barrels of water, while a horizontal well fracturing operation is estimated to use between 80,000 to 100,000 barrels of water. That’s far more than the 127,400 gallons of water used annually by the average American household, according to the American Water Works Association, a Denver-based water advocacy group.

Several Barnett Shale energy companies have formed a group to tackle the growing issue of water use in the biggest gas-drilling play in Texas and the Texas Railroad Commission has also sponsored research on the issue.

According to Devon’s Foster, the water use issue is one that the company takes seriously. .

“One of the most critical areas we need to address is the issue of fresh water,” he said.

Foster pointed to a recent pilot study completed by the company to treat and reuse drilling fluids. The company found it could recycle 75 to 95 percent of the water being used.

“That technology will be transferred to the field in the near future. We need to take care of the freshwater issue,” he said.

In 2006, Devon became an even larger presence in the Barnett Shale when it purchased the assets of privately-held Chief holdings LLC for $2 billion in May. The purchase gave Devon 720,000 net acres in the Barnett Shale.

Devon was hardly the only company to plunk down some cash for companies with Barnett Shale assets. In June, Chesapeake Energy Corp. of Oklahoma City purchased Four Sevens Oil Co. and the Barnett Shale assets of its partner, Sinclair Oil Co., for $845 million. At the same time, Chesapeake said it acquired another 28,000 net leasehold acres in the area for $87 million. In August, Chesapeake added yet more acreage in the Barnett Shale when it paid $181 million plus royalties for the right to drill for natural gas beneath Dallas-Fort Worth International Airport’s 18,000 acres.

Chesapeake also increased its presence in the area by leasing 27,000 square feet of office space in the D.R. Horton Tower, where it bases its local operations and employs about 75 workers. The D/FW Airport project will employ 200-300 people in both white- and blue-collar positions, according to Chesapeake officials.

“There’s no doubt it’s going to change the area,” said Weinstein.

[Badtiming]

Wenn man sich die letzten Tage betrachtet, so fällt auf daß der Kurs den ganzen Tag vor sich hingedümpelt ist um dann gegen Abend vor Schluß bei erhöhtem Volumen anzusteigen. Ich denke und hoffe mal, daß wir nächste Woche den kurzfristigen Abwärtstrend nach oben knacken können und vom wieder angestiegenen Ölpreis profitieren.

[Badtiming]

Falls überhaupt noch jemand dabei ist..

[Badtiming]

Das war jetzt nicht gut, das Unterschreiten der 5$...

Fals noch jemand dabei ist.

[Matze2604]

Hi!
Bin auch noch dabei. Gibts denn nicht mal was neues Positives? Weiß jemand warum es im moment so schlecht bei cano läuft?

MfG

matze2604

[GNawracala]

hab Cano lange nicht angeschaut, aber das hier seh ich doch sehr positiv!

David Dreman Buys Eli Lilly & Co., JM Smucker Co., Thornburg Mortgage Inc., Sells Williams Companies Inc., Bon-Ton Stores Inc.

Ticker Date* Price* buy/sell Picked By
WYE 2006-12-31 $50.2 Reduce Ronald Muhlenkamp
HD 2006-12-31 $37.8 Buy Ronald Muhlenkamp
WYE 2006-12-31 $50.2 Sell Ruane Cunniff
AINV 2006-12-31 $21.5 Add David Dreman
APA 2006-12-31 $66.2 Add David Dreman
*The price and date might not be the actual time and price at which the transactions were made. In the case of institutional owners, the date is stated as the last day of their fiscal quarter. The prices are estimates if no accurate information available.

Updates for David Dreman's buys and sells during the 4th quarter of 2006. Dreman, known as contrarian, manages both large cap and small cap value funds. He owns 466 stocks with a total value of $18.2 billion as of 12/31/2006. He bought 117 new stocks during the 4th quarter.

David Dreman buys Eli Lilly & Co., JM Smucker Co., Thornburg Mortgage Inc., Deerfield Triarc Capital Corp., HELIX ENERGY SOLUTNS, United Technologies Corp., Hubbell Inc. CL B, ALLIED WLD ASSUR CO, Terra Industries Inc., ENERGY METALS CORPOR, Administaff Inc., Iowa Telecommunications Servic, NAL OIL & GAS TRUST UNITS, Alaska Air Group Inc., Armor Holdings Inc., Anworth Mortgage Asset Corp., Conns Inc., Fording Canadian Coal Trust, Callaway Golf Co., Frontline Ltd., Precision Drilling Corp., Columbia Banking System Inc., METAL MANAGEMENT INC, MB Financial Inc. (MD), Arena Resources Inc., PRIMARY ENGY ENHNCD INCME, Bristow Group Inc. Common stock, Bebe Stores, Inc., Argonaut Group Inc., BAYTEX ENERGY TR UTS, MetLife Inc., CF Industries Holdings Inc., Dow Chemical Co., T-3 Energy Services Inc., Marathon Oil Corp., KMG America Corp., Prudential Financial Inc., Comerica Inc., NATCO Group Inc., Caterpillar Inc., Grant Prideco Inc., Pharmaceutical HOLDRS, Alcoa Inc., ACE Ltd., Autoliv Inc., First Data Corp., EOG Resources Inc., Apollo Group Inc., Centerplate Inc., TD Banknorth Inc., Capital One Financial Corp., CIGNA Corp., Countrywide Financial Corp., Boston Scientific Corp., CBS CORP CL B, Friedman Billings Ramsey Group, Gannett Co. Inc., Lincoln National Corp., Masco Corp., Meridian Resource Corp., Phelps Dodge Corp., Southern Peru Copper Corp., Sara Lee Corp., Zions Bancorp. (UT), Sempra Energy, Nucor Corp., Progressive Corp., Loews Corp., Norfolk Southern Corp., Genworth Financial Inc., XTO Energy Inc., Ingersoll-Rand Co. Ltd., ISHARES RUSSELL 2000 VALUE INDEX FD, Petroquest Energy, Inc. Common Stock, Par Value $., Whirlpool Corp., WR Berkley Corp., Sabine Royalty Trust, Black & Decker Corp., ALTAGAS SERVICES TR UTS, American Capital Strategies, L, United States Steel Corp., UnumProvident Corp., Assurant Inc., UnionBanCal Corp., Thermo Electron Corp., Torchmark Corp., 3D Systems Corp., B&G Foods, Inc, BJ Services Co., S A F E C O CP ##, Huntington Bancshares Inc. (MD, Ensco International Inc., Lennar Corp., LB Foster Co., Lincare Holdings Inc., DTE Energy Co., DR Horton Inc., Mohawk Industries Inc., Coventry Health Care Inc., Centex Corp., RR Donnelley & Sons Co., PPG Industries Inc., Pulte Homes Inc., Cano Petroleum Inc., Cummins Inc., Newfield Exploration Co., MBIA Inc., sells Williams Companies Inc., Bon-Ton Stores Inc., Chevy Chase Bank, F.S.B. 8% Noncumulative Perpetua, Caremark Rx Inc., Consolidated Edison Inc., Fifth Third Bancorp, Mellon Financial Corp., Quest Resource Corporation - Common Stock, Meadowbrook Insurance Group In, Mercantile Bankshares Corp., NovaStar Financial, Inc. 8.90% Series C Cumulative, Pioneer Companies Inc. during the 3-months ended 12/31/2006, according to the most recent filings of his investment company, DREMAN VALUE MANAGEMENT L L C. David Dreman owns 466 stocks with a total value of $18.2 billion. These are the details of the buys and sells.

[edelupolino]

Ich bin ganz baff! Was sollen diese miesen kurse heißen??? Die Insider haben gekauft; außer sie haben gestern oder vorgestern oder über strohmänner verkauft:

Recent Insider Trading Activity: Cano Petroleum,
02/15/07 HADDOCK GERALD W Purchased 20,000 $4.97 99,400.00

[Badtiming]

200 Tagelinie nach oben durchbrochen, MACD gibt positive Signale, Ölpreis hoch -> jetzt könnte es langsam mal wieder nach oben gehen (meinetwegen auch schnell)

[edelupolino]

Antwort auf Beitrag Nr.: 28.782.569 von Badtiming am 12.04.07 20:00:52

dein stoßgebet wurde spät erhört!

[Badtiming]

Aber erhört

[Badtiming]

Ich hoffe, es sind noch Leute dabei um an dem Anstieg teilzuhaben..

[sunbeamer]

Ja, super. Der Anstieg hängt wohl damit zusammen, dass der Rechtsstreit um Parnhandle, in dem es um hohe Schadensersatzansprüche für Cano ging, eingestellt wurde.

[edelupolino]

Antwort auf Beitrag Nr.: 30.142.806 von sunbeamer am 22.06.07 10:11:45

gut dass ich nicht alles verkauft habe;
ich war zwar immer drauf und dran -vorgestern noch- hab aber zum glück an die knappen rohstoffe gedacht, um die sich bald alle streiten (China, Indien, Japan, USA...)!
weiterhin viel aktionärsglück an alle
Ede



PS
(Je länger ich dabei bin, umso mehr seh ich uns in der hand der göttin des glücks...,die uns auch mal mit prozessen grämt!)

[edelupolino]

Antwort auf Beitrag Nr.: 30.142.806 von sunbeamer am 22.06.07 10:11:45

wennn wir doch in der CANO-rechtsabteilung arbeiten würden.....

http://www.canopetro.com/files/media_files/
Addtl%20Press%20Releases/TX_Panhandle_Wildfire_Case_Dismissed
_21June2007.pdf

[Badtiming]

Jetzt heute noch mal positiv mit etwas Volumen und wir lassen 6,5$ hinter uns (Schade daß das Dollar sind, eine anständige Währung wäre besser)

[SommerSonneSandMeer]

Hallo Zusammen,

hier im Cano Thread wird ja shcon seit Ewigkeiten nichts mehr geschrieben, aus meiner SIcht zu unrecht, denn das Geschäftsmodell von Cano hat (gerade bei den aktuellen Ölpreisen) sicherlich ein immenses Zukunftspotential.´

Hat jemand die aktuellen Zahlen von Cano zur Hand, ich bin gerade dabei, mal wieder alle Fakten zu sammeln und eine Neueinschätzung zu machen.

Gruß,
SSSM

[Daddy73]

hier findest du den letzten Quartalsbericht:

http://www.sec.gov/Archives/edgar/data/1253710/0001104659080…

hier die news:

http://biz.yahoo.com/bw/080208/20080208005591.html?.v=1

[Daddy73]

Antwort auf Beitrag Nr.: 33.365.389 von SommerSonneSandMeer am 14.02.08 11:37:11

mahlzeit, wie siehts denn mit deiner Neueinschätzung aus?

[Daddy73]

verdammt, hätte man doch Anfang Februar reingesollt

schon wieder 6,80 USD

[Daddy73]

Antwort auf Beitrag Nr.: 33.492.229 von Daddy73 am 27.02.08 15:44:20

Mahlzeit,

gerade das hier gefunden:

Cano Petroleum initiated with "buy"
04/16/08 - Canaccord Adams

NEW YORK, April 16 (newratings.com) - Analysts at Canaccord Adams initiate coverage of Cano Petroleum Inc (CFW) with a "buy" rating. The target price is set to $6.

In a research note published yesterday, the analysts mention that the Enhanced Oil Recovery projects have become attractive again, driven by a rise in crude oil prices and a decline in chemical prices. Cano Petroleum has proved reserves of 66.7mmboe, of which 17% are proved developed, the analysts say. The company might generate growth for many years, once its business model starts yielding results, Canaccord Adams adds.

[Badtiming]

Man könnte fast meinen, die Empfehlung hat Eindruck hinterlassen...

[Daddy73]

Antwort auf Beitrag Nr.: 33.910.157 von Badtiming am 17.04.08 17:08:49

wäre ja nicht schlecht...

wenn das ding sich über 5,50 USD hält, sind die 6,00 Euro als nächstes dran

[Daddy73]

http://www.canada.com/calgaryherald/news/calgarybusiness/sto…

[Daddy73]

gar nicht so schlecht mein Näschen

am 30. April waren wir bei 5,43 Dollar, jetzt sind wir knapp 36% höher bei 7,37 USD



hier noch eine aktuelle Beschreibung der Situation:

Closing the Valuation Gap in Cano Petroleum
http://seekingalpha.com/article/76957-closing-the-valuation-…

The Cano Petroleum (CFW) story is conceptually simple. Cano controls substantial acreage in the Permian Basin and nearby areas with very large enhanced oil recovery [EOR] potential. The company is producing at an increasing, if not yet profitable, level. For the past couple of years, Cano has repeatedly missed deadlines and production goals due to problems with weather, permits, equipment, piping, water injection, etc.



Disappointed investors have driven Cano’s enterprise value [EV] to less than 1/3 of its pre-tax PV10 (pre-tax value of proved reserves discounted at 10%). Moreover, this is a largely oil-based PV10, with pricing based on $70 oil and $6.50 gas for the fiscal year ended June 2007.

Assuming current oil and gas prices and everything else equal, fiscal 2008 PV10 will be much higher and the discount to PV10 much larger. Since the discount is already extreme, the question is why investors should expect things to change now. Part of the answer is that Cano’s initial waterflood project (Cockrell Ranch) at its largest field (Panhandle) is finally delivering increased downhole pressure, fluid and gas recovery, and oil cuts.

Last week Cano released a graph showing the waterflood response at the field. If the waterflood response continues on its current track, the long-awaited inflection point in oil production from this project would be literally now through mid-summer. Realization of the projected waterflood response would have three very significant implications.

First, it would validate the waterflood model and techniques Cano is using in the Panhandle field. Panhandle represents more than half of Cano’s proved reserves and three-quarters of its PV10 so validation of the waterflood model is a very important event.

Second, it would begin the shift of Cano’s very large 2P/3P reserves into PUDs and PDPs.

Third, it would reduce Cano’s lease operating expense, as the largely fixed and upfront costs of injection infrastructure are amortized over increasing units of production.

All of these actions would enhance Cano’s valuation. At Cano’s second largest field (Cato), the company is simultaneously establishing a waterflood program, returning oil stripper wells to higher production through recompletions, new laterals, and other means, developing two previously undrilled primary zones below the produced zones, and conducting an infill drilling program. The net effect has already been a meaningful increase in PDP reserves, little or none of which is in the current PV10. Cano has also produced a new graphic showing the rapid increase in production from the Cato field.

Assuming only average success at Panhandle and Cato, plus average results over time at the many other planned or ongoing projects at other fields, Cano’s PV10 would increase rapidly, production would grow at least 35% per year, operating costs would fall sharply, and Cano’s market cap would rise substantially. Cano’s PV10 implies an NAV in excess of $20 per share right now.

The big and long-delayed question is whether Cano is finally on track to monetize that value. The initial favorable results at Cato and Panhandle are behind the recent interest in the stock. Much more will be known about these projects in only 3-4 months. If current trends continue, and continue to validate the company’s approach, Cano’s exceptionally deep discount to PV10 should start to close at the same time its understated PV10 should start to increase.

This potentially explosive combination makes Cano a very intriguing speculation right now.

[Daddy73]

Cano Petroleum: Enhanced growth prospects

Billy Fisher | May 15, 2008 6:20am EDT | User Rating N/A

With the price of oil surpassing $125 per barrel and Goldman Sachs (NYSE:GS) warning us that it could go as high as $200 at some point in the next two years, the oil trade continues to be an intriguing play regardless of where your sentiment lies.

One small-cap oil and natural gas company that has been siphoning the benefits of rising oil prices is Fort Worth, Texas-based Cano Petroleum (AMEX:CFW).

The company was incorporated in 2003 as Huron Ventures. It changed its name to Cano Petroleum following a merger with Oklahoma-based Davenport Field Unit, Inc. in May of 2004. Cano has been publicly traded since June of 2004 and has experienced rapid growth during this time period. The company’s common stock has risen nearly 35% in just the past year alone. Shares closed at $6.91 on Wednesday — a level at which at least one analyst still sees a great deal of upside.

Mark Lear, an analyst for Sidoti & Company, currently has a “buy” rating on shares of Cano with a price target of $10. “Cano trades at a sharp discount to its peers on an EV/proved reserve basis; we contend that this valuation does not reflect potential upside of several core enhanced oil recovery projects,” he wrote in a May 9 research note.

The enhanced oil recovery (EOR) projects that Lear refers to are central to Cano’s business model. EOR utilizes methods such as waterflooding and gas injection to increase the amount of oil that can be extracted from a reservoir. Unlike many large-cap oil companies, $259-million market-cap Cano focuses its business on mature oil fields. Among the benefits of focusing on mature oil fields is limited competition as well as virtually no exploration risk since the company’s portfolio is comprised of proven reserves.

The company has oil and gas properties in Texas, Oklahoma and New Mexico. The concentration of its operations around these three states eliminates the risk of political instability overseas that multinational corporations might face on a regular basis. The company’s business model also contributes to the reduction of the United States’ dependence on foreign entities for oil.

Investors are banking on the notion that Cano’s monster third-quarter (ended March 31) revenue gain, released on Friday, is a sign of things to come. The company reported a net loss of $1.9 million, but its total revenue increased 98% when compared with the year-ago quarter. Cano recorded a net loss of $1.6 million in its third quarter of 2007, which included a non-cash charge of $3.2 million.

The steep rise in revenue is attributable to two factors. The first is the appreciation of oil and natural gas prices. The company realized an average of $93.16 per barrel of oil, which was a 64.9% improvement from the $56.48 per barrel it realized in the prior-year quarter. For natural gas, the company’s realized price per one thousand cubic feet soared 73% on a year-over-year basis.

The second factor that aided Cano’s revenue improvement was an increase in the production of barrels of oil equivalent per day (BOEPD). The company said this figure increased 10% on a year-over-year basis, to 1,495 BOEPD.

Analysts have high expectations for Cano’s upcoming quarters. The consensus estimate is that revenue for 2008 will come in at $40.7 million, up 43.3% from 2007. Analysts are then calling for another 90% pop in revenue in 2009. Wall Street is estimating that the company will check in with a net loss of $0.01 per share in 2008, but swing to a profit of $0.31 per share in 2009. “Cano appears poised to deliver peer-group leading production and EBITDA growth in its fiscal year 2009,” Lear wrote in a research report.

Potential investors should keep in mind that an investment in commodities, particularly in oil and natural gas exploration, is inherently risky. Cano’s profitability and growth prospects will hinge upon the prices of oil and natural gas, which have been historically volatile. And although the company is well-positioned to turn a nice profit in 2009, its earnings should be closely monitored given the capital-intensive nature of the industry in which it operates.

Cano’s strong quarter has pushed its stock price ever closer to its previous 52-week high of $8.85 it achieved in mid-October. It remains to be seen how this young company will be able to hold up over the long haul, but so far it appears to be headed in the right direction.
Billy Fisher - Billy Fisher is a certified public accountant and and freelance investment writer whose work has appeared in Investor's Business Daily and The Motley Fool.... Read More

[Daddy73]

verdammt! von $4,40 im April auf jetzt $8,20

schönes Ding kann ich nur sagen

[Daddy73]

im Dreijahreschart kann man schön sehen, dass bei $8,00 ein langfristiger Widerstand liegt. Wollen mal hoffen, dass der jetzt nachhaltig überwunden ist und zur Unterstützung wird...

andere Company mit ähnlichem Konzept (also Enhanced Oil Recovery, meine ich): Ameriwest Energy (A0M1KX)

allerdings ganz am Anfang noch...

[Daddy73]

ohne Worte

[Badtiming]

Antwort auf Beitrag Nr.: 34.176.754 von Daddy73 am 27.05.08 09:49:37

Ich würde sagen wir stehen kurz davor in Richtung 10,x zu gehen.

[SommerSonneSandMeer]

Ich war mal vor zwei Jahren bei Cano investiert und bin mit einem hübschen Gewinn raus. Dann habe ich die AKtie vergessen und habe sie auch nicht weiter beobachtet. AUfgrund der wohl dauerhaft hohen Ölpreise lohnt sich jetzt wohl doch noch ein zweiter Blick.

AUf dem Niveau zwischen 5 und 6 US-Dollar sehe ich eine echte Chance, wieder günstig in diesen Wert einzusteigen.

SSSM

[Daddy73]

hier übrigens die aktuellen News von gestern (nach Börsenschluss in den USA)

Cano Announces Fiscal Year 2009 Capital Budget of $97.5 Million, Fiscal Year 2008 Reserves and Operational Update
Tuesday July 22, 6:15 pm ET

FORT WORTH, Texas--(BUSINESS WIRE)--Cano Petroleum, Inc. (AMEX:CFW - News) today announced the results of its Fiscal Year End Reserves as prepared by Miller and Lents, Ltd., its new independent petroleum engineer. Proved developed producing (PDP) reserves increased 25% to 10.6 million barrels of oil equivalent (BOE) up from 8.5 million BOE (after FY ’08 production of 0.5 million BOE). The increase in PDP reserves was primarily driven by a 1.4 million BOE proved undeveloped (PUD) to PDP conversion based upon initial response at the Cockrell Ranch waterflood. The balance of the PDP increase came from our infill drilling program at the Cato Field. As a result of our programs and commodity price increases, the pre-tax net present value, discounted at 10% (PV10), of our PDP reserves increased from $108 million to $425 million.

Notwithstanding our PDP growth, overall estimated proved oil and natural gas reserves decreased approximately 20% to 53.2 million BOE as of June 30, 2008, as compared to 66.7 million BOE as of June 30, 2007. Total proved reserves were primarily impacted due to a high-grading of our development plans to focus on our core assets, the Panhandle and Cato fields. We had a material amount of reclassifications from PUD to Probable reserves associated with our Pantwist PUDs given that we are seeking strategic alternatives with this asset. Furthermore, we had revisions associated with our Barnett Shale project as we have elected to not aggressively develop this asset in the near term.

Oil reserves accounted for 72% of total reserves. Based upon the ending June oil price of $140.00 per barrel and natural gas of $13.15 per mcf, the pre-tax PV-10 of our reserves is $2.24 billion.

Summary of Changes in Proved Reserves MBOE

Reserves at June 30, 2007

66,726

Estimated Production (532 )
Acquisitions 1,872
Additions and Development 4,776
Revisions (3,010 )
Reclassifications (16,447 )
Reserves at June 30, 2008 53,185

Jeff Johnson, Cano’s Chairman and CEO stated, “I am very pleased with the success exhibited in our reserve conversion. The 25% growth rate of our PDP reserves was in line with our expectation for FY ’08, and tracks with our expectations for the next several years as we continue to develop our resource potential.”

2009 Capital Budget of $97.5 Million

Cano plans to spend approximately $97.5 million on its capital projects during Fiscal Year 2009 which includes plans to drill 114 net wells. The Panhandle waterflood and projects in the Cato Field are expected to account for the majority of the spending. The table below details the plans:

Capital Projects $MM Net Wells Drilled

Corsicana $ 0.4 -
Davenport 0.4 -
Desdemona Waterflood 6.7 11
Desdemona Barnett 3.0 2
Nowata 10.0 10
Panhandle 37.0 43
Pantwist - -
Cato Field 40.0 48
Total $ 97.5 114

Operational Update

Panhandle Field—Cockrell Ranch Waterflood:

Cano’s third-party engineer, Miller and Lents, approved conversion of 1.4 MMBOE of PUD waterflood reserves to PDP reserves based on the positive response seen at the waterflood to date. This represents approximately one-third of the 2007 PUD reserves booked for the Cockrell Ranch Unit with the remaining two-thirds remaining in the PUD category. Gross oil production in the month of June exceeded 2,400 barrels, a three-fold increase from February. Full injection of over 50,000 barrels of water per day is continuing at the Cockrell Ranch Unit and the cumulative injected pore volume is over .20, or 20% PVI. Extensive well surveillance is being performed to install larger pumping units and optimize production. Additionally, 15 injection wells have been worked over to optimize and re-direct water injection into the highest remaining oil saturation intervals of the Brown Dolomite formation. Total fluid production has increased to over 9,000 barrels per day and we are starting to see the first signs of increases in injection well pressure. This is the initial sign of placing injected water into “unswept” areas of the formation and should result in varying degrees of increasing oil-cut in the next three to six months.

The next phase of the waterflood project at the Panhandle Field consists of six separate “mini” Phases on reduced well spacing that will allow Cano to accelerate the field’s development. The tighter spacing and smaller development patterns should allow quicker permitting and response times, and allow a larger development bandwidth over a greater acreage position in the field.

Production for the month ended June 2008 at Panhandle Field averaged 540 net BOEPD. Including the increases in the Cockrell Ranch Unit, as previously discussed, field production was off over 80 BOEPD from April 2008 as unscheduled gas plant maintenance and the initiation of a field-wide chemical treatment program took a large number of non-waterflood wells offline. As of the first week in July, production levels in the field were starting to approach previous levels.

Cato Field Infill Waterflood Development Project:

The results of third-party reservoir engineering firm, H.J. Gruy and Associates, helped buttress significant reserve additions, approved by Miller and Lents, at the Cato Field.

The development plan for FY 2009 is to drill 48 new waterflood pattern wells and initiate water injection. We presented our waterflood application to the New Mexico Oil and Gas Conservation Commission in May and stand ready to commence ten water injection wells once the permit application is approved. We will be in a position to initiate water injection in 10 additional wells at Cato within 60 days of permit receipt.

Production for the month ended June 2008 at the Cato Field was 233 net BOEPD. As previously reported, Cano released the drilling rig in May to concentrate on waterflood facility infrastructure and no new wells have been brought on-line since then. In July we reinstated our drilling program. Pipe was set on the first new well last week. Production from the 20-acre infill drilling program should resume in the near-term.

Nowata Properties. Our ASP tertiary recovery pilot project at the Nowata Field has been in full operation since December 2007. To date we have injected close to .12 pore volumes of ASP, or 12% PVI. The ASP Pilot is reacting according to plan and we expect an initial response by the end of the calendar year. Production for the month ended June 2008 averaged 218 net BOEPD at the Nowata Field.

Total Cano production averaged 1,446 net BOEPD in June. In addition to the production variances mentioned above, normal production declines were seen in non-core areas of the company. Cano is currently evaluating the sale of non-core assets at the Pantwist and Davenport fields. Based on the positive development results seen from our FY 2008 capital programs at Panhandle and Cato, we would look to commit any sale proceeds to these core properties and/or to strategic acquisitions.

Conference Call

The Company will hold a conference call to provide an update on its operations on Wednesday, July 23, 2008, at 10:00 A.M. Eastern Time (9:00 A.M. Central Time).

Interested parties can participate in the call by dialing 866-356-4279. For calls outside the U.S., parties may dial 617-597-5394. The pass code is 24416988. A replay of the call will also be available through July 30, 2008 by dialing 888-286-8010, passcode 77479008.

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano’s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the “safe-harbor” provisions of those Acts. Many important risks, factors and conditions may cause the company’s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company’s filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Cautionary Notes to Investors -- The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. Cano uses "non-proved reserves" in this news release, which the SEC's guidelines strictly prohibit it from including in filings with the SEC. Investors are also urged to consider closely the disclosures in Cano's Form 10-K for the fiscal year ended June 30, 2007, available from Cano by calling 877-698-0900. This form also can be obtained from the SEC at www.sec.gov.


Contact:

Cano Petroleum, Inc.
Ben Daitch, 877-698-0900
Senior Vice President & CFO
[e-mail]

[Badtiming]

Wenn ich's nicht besser wüßte, würde ich sagen, die Zahlen kamen nicht so gut an....

[Badtiming]

War das das hüpfende Komma?
"Notwithstanding our PDP growth, overall estimated proved oil and natural gas reserves decreased approximately 20% to 53.2 million BOE as of June 30, 2008, as compared to 66.7 million BOE as of June 30, 2007"

[Badtiming]

Wir sind unter höherem Volumen wieder über 4$ geklettert. Sollte der Kurs sich in nächster Zeit bei 4$+ stabilisieren können, so könnte dies eine Möglichkeit sein, eine erste Position aufzubauen.

[Badtiming]

Irgendwie bekomme ich das nie hin. Wenn ich mir denke, an dieser Unterstützung ging es aufwärts, also einsteigen, dann war's ne Eintagsfliege. Wenn ich denke, laß es mal so bei 4$ sich stabilisieren, dann verpasse ich den besten Zeitpunkt....

[SommerSonneSandMeer]

Antwort auf Beitrag Nr.: 34.566.726 von Daddy73 am 23.07.08 09:46:33

HAllo Zusammen, ich brauche dringend Hilfe !!!

prinzipiell klingt das Geschäftsmodell von CanoPetrol vielversprechend.

Ölquellen, die mit konventionellen Fördermethoden nicht mehr ergiebig sind zu kaufen und über "advanced recovery methods", also verbesserte Ausbeutungsmethoden wieder zu nutzen.

Leider habe ich vergeblich nach Zahlen, Daten und Fakten gesucht, mit denen sich Cano bewerten lässt.

Insgesamt ist die Firma zur Zeit mit ca. 100 Mio € bewertet .

DIese Jahr sollen ca. 100 Mio Dollar investiert werden, davon allein knapp 80 Mio auf Cato und Panhandle. Wie viel Öl kommt denn pro Tag aus diesen Feldern ? Nach welcher Zeit amortisieren sich diese Investitionen. Wieviel Liquidität ist vorhanden ?

WEr hat Zahlen, Daten und Fakten zu Cano ?

Viele liebe Grüße und Danke für eure Hilfe,

SSSM

[Daddy73]

Cano Announces Proposed Sale of Pantwist, LLC For $42.7 Million Cash

FORT WORTH, Texas--(BUSINESS WIRE)--Cano Petroleum, Inc. (Amex:CFW) today announced that it has entered into an agreement to sell its 100% membership interest in Pantwist, LLC to Legacy Reserves LP (NASDAQ: LGCY) for $42.7 million cash, subject to closing adjustments. The sale, effective July 1, 2008, is expected to close on October 1, 2008. Proceeds from the transaction will initially pay down all outstanding debt.

Pantwist was created in April 2006 for the sole purpose of acquiring certain leases in Carson, Gray, Hutchinson, Moore, Wheeler, and Sherman counties of the Texas Panhandle. Pantwist was producing 322 net BOEPD, with 2.4 MMBOE net proved reserves (78% proved developed producing) at June 30, 2008. Cano will record approximately a $20 million gain on the transaction. The company will use its NOL balance to offset any cash taxes associated with the gain.

Jeff Johnson, Cano’s Chairman and Chief Executive Officer stated, “The divestiture of Pantwist enables us to eliminate all of our debt while continuing to invest in our core waterflood assets at Panhandle and Cato.”

ABOUT CANO PETROLEUM:

Cano Petroleum Inc. is an independent Texas-based energy producer with properties in the mid-continent region of the United States. Led by an experienced management team, Cano’s primary focus is on increasing domestic production from proven fields using enhanced recovery methods. Cano trades on the American Stock Exchange under the ticker symbol CFW. Additional information is available at www.canopetro.com.

Safe-Harbor Statement -- Except for the historical information contained herein, the matters set forth in this news release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The company intends that all such statements be subject to the “safe-harbor” provisions of those Acts. Many important risks, factors and conditions may cause the company’s actual results to differ materially from those discussed in any such forward-looking statement. These risks include, but are not limited to, estimates or forecasts of reserves, estimates or forecasts of production, future commodity prices, exchange rates, interest rates, geological and political risks, drilling risks, product demand, transportation restrictions, the ability of Cano Petroleum, Inc. to obtain additional capital, and other risks and uncertainties described in the company’s filings with the Securities and Exchange Commission. The historical results achieved by the company are not necessarily indicative of its future prospects. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Cano Petroleum, Inc.
Ben Daitch, 877-698-0900
Senior Vice President & CFO
[e-mail]