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CAVR
+68% went as high as + 131% High of the day 0.44 Low of the day 0.29 Last trade asb of now 0.26 might be time to reload Volume well over the 10 day RSI LINE rising again @51.67 uptick CAVR just might make another run With the news that just came out just Need to tighten the spread .29 x .36 |
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CAVU resources inc.
MA (20) .30 MA (50) .28 MA (200) .36 With CAVU's recent company expansion I believe it has the mining capabilities as (WTI) W&T Offshore inc. this company is forming similiar movements as this large cap stock. CAVR is also infused with Geo-Thermal alternative energy sources, which in this day in age is looked apon by numberous traders since the term "go green" has been established, IMO, I think with the price decrease from todays trading can signify a good long term investment. Although, some quick plays could turn. Enjoy everyone. |
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CAVR
after testing the closing price from friday and holding the bulls, IMO, seem ready to take this stock higher. Not being able to break $0.20 on the downside would lead me to believe there is some support there. The stock has broken the interday trendline to the upside, that it had been struggling to all morning. If you look at your volume candles , the big volume spikes happen on upward moves. These all seem really positive to me. |
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Jack climbed back down the bean stock with rumor of possible news for CAVR!!!
CAVU Resources| 3D Rig Animation CAVU Resources| Video Presentation |
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CAVU Resources, Inc. Increases Storage Capacity by 100% and Launches Development Project in Garvin County, OK
Press Release Source: CAVU Resources Inc. On 8:00 am EST, Thursday December 10, 2009 Buzz up! 0 Print.Companies:Cavu Resources Inc. TULSA, OK--(Marketwire - 12/10/09) - CAVU Resources, Inc. (Pinksheets:CAVR - News) announced today that the Company has recently completed a 100% increase in its storage capacity and initiated an accelerated development plan for its newly acquired 9 well project on 140 acres in Garvin County, Oklahoma. Related Quotes Symbol Price Change CAVR.PK 0.20 0.00 {"s" : "cavr.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} The Company acquired the project last month and has been focused on assessing the top priorities for the lease. While the lease currently has two producing wells, there are three wells that can be immediately completed in down-hole reservoirs, and four other wells that can be reworked and completed in other formations. The two producing wells were originally drilled in the 1950s to the Bromide formation at about 3,000 feet. The wells were re-entered during the 1990s when companies in the area began testing deeper reservoirs. The wells were then deepened to the Oil Creek formation at about 3,800 feet. The two wells are currently producing a combined 30 to 40 barrels of oil per day (BOPD). CAVU plans to re-enter the other three wells on the lease and deepen them to the Arbuckle at about 4,000 feet. On the way, the McLish and Oil Creek formations would be tested. Based upon results of the two producers and other wells contiguous to the lease, CAVU anticipates each of the three wells to have average initial production rates of between 30 and 40 barrels of oil per day (BOPD). "This project exemplifies our strategy of targeting low risk opportunities that require lower amounts of capital but yet still offer excellent potential returns on investment," said William C. Robinson, President of CAVU Resources, Inc. "With the known production in the formations present in these 9 wells, with the funds committed we believe this project will increase production to about 300 BOPD within a relatively short period of time. Some companies spend millions of dollars to generate this kind of production, but we feel we can do it for a fraction of that." About CAVU Resources, Inc. During World War II, Navy fighter pilots would look up at the sky and if it was a 'CAVU' day then it meant ceiling and visibility unlimited. The founders of CAVU Resources chose the name CAVU because they believe that the Company will be the embodiment of its name. CAVU was formed with the goal of becoming a recognized regional player in the independent oil and natural gas industry by growing the company's oil and natural gas reserves. CAVU is a natural resource company engaged in the acquisition, exploration and development of oil and natural gas properties. The Company operates in the upstream segment of the oil and gas industry with planned activities including the drilling, completion and operation of oil and gas wells in Oklahoma, Kansas, Colorado and Texas. The Company also owns two pipelines in its area of operations, which will be used for gathering its gas and oil and the gas and oil production of other producers. The Company has acquired leases and is currently exploring additional opportunities in oil, gas and helium leases. The company has acquired significant oil and gas equipment including rigs, trucks and completion equipment. CAVU's 100% owned subsidiaries, CAVU Energy Services, LLC provides contract drilling, fracture stimulation and directional drilling services to oil, natural gas exploration and production companies. EnviroTek Fuel Systems, Inc., providing natural gas delivery and marketing thru its own pipelines, CAVU Operating Company, LLC managing the company's properties and targeted leases in Oklahoma, Texas, Colorado and Montana. CAVU plans to expand operations not only in the traditional Oil and Gas business, but also to invest in Geo-Thermal, Wind, Solar and security, taking advantage of the changing environment and in the world's need for new, green and innovative resources. More information is available at the company's website at CAVU Resources|Delivering Tomorrows Energy. Cautionary note: This report contains forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to U.S. investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions. |
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CAVU Resources, Inc. to Complete Rework on Garfield County Gas Production Project
Press Release Source: CAVU Resources Inc. On 8:00 am EST, Tuesday December 15, 2009 TULSA, OK--(Marketwire - 12/15/09) - CAVU Resources, Inc. (Pinksheets:CAVR - News) announced today that the Company has recently mobilized its crew to complete the reworked of it gas production in Garfield County, Oklahoma. This recently acquired project is in a gas production region with proven reserves. The Company has been focused on assessing the top priorities on its 160 acre lease. The first stage of the recompletion consists of pulling the rod and tubing and pressure testing the wellbore for production in the upper and lower Perry Sand formation. Finally the company will re-perforate the formation location adding 3 shots per foot in the 26ft combined formation, as well as 12 feet of new perforations in the Advant formation and fracture the zones and treat with acid to open up these formations. This well has a long history of production and we anticipate that this re-work will add another 150,000 cubic feet of production. With this increased production, the Company's combined daily totals should soon exceed approximately 600,000 cubic feet of natural gas per day. "The recent rise in gas prices and increased production, will allow additional cash flow to help fund new exploration of this and surrounding leases," said William C. Robinson, President of CAVU Resources, Inc. |
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CAVU Resources Inc., through its subsidiaries, focuses on the acquisition, exploration, and development of natural resource properties with a focus on the production of oil and natural gas, and solar and wind energy. The company intends to engage in the construction of oil and natural gas pipelines for third parties. It also focuses on providing contract and directional drilling services to oil and natural gas exploration companies. In addition, the company intends to involve in energy trading business, as well as providing environmental clean up services, such as oil field clean up, disaster clean up, and hazardous transportation. Further, it focuses on the refurbish of low income properties with heating and air conditioning, roofing, insulation, doors and windows; provides information systems dealing with government logistics databases and vendor awareness of business opportunities; and services and repairs heavy equipment for the oil and gas industry, including trucks and drilling equipment. As of April 30, 2009, CAVU Resources Inc. had 23 total well bores on 1,880 net mineral acres situated in Kay County, Oklahoma; 8 well bores on 1,700 gross mineral acres located in Baylor County, Texas; and 1 well bore on 160 net mineral acres situated in Garfield County, Oklahoma. The company was formerly known as Magic Lantern Group, Inc. and changed its name to CAVU Resources Inc. in April 2009 as a result of merger between Proxity Acquisition Sub, Inc. and CAVU Resources Inc. companies. CAVU Resources Inc. was founded in 1995 and is based in Carson City, Nevada.
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CAVR:CAVU Resources, Inc
With this mornings great news about CAVR focusing on assessing the top priorities on its 160 acre lease. The first stage of the recompletion consists of pulling the rod and tubing and pressure testing the wellbore for production in the upper and lower Perry Sand formation. This is one reason why we can expect great things for this company this week.. Per charts, Imo, ending in the green at 5.% is always something to keep close watch on.. the RSI Line can proceed north.. While starting this day at .21 the support of .18 can hold for us.. We can break the resistance at .26 and cash out nicely!!! Good trading today all!! StockCharts.com |
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