CAVR jumped this morning recording its highest volume day in about a year, breaching the 200 daily moving average for the first time, and last traded at $0.016 up 77.77%. All signs of a major bullish breakout!
Our previous profile on CAVR hit a high of $0.07 and we expect this level to be breached as we expect some significant updates from the company very soon - oil prices are just too high to ignore this play!
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CAVR may not be active on the news front, but seem to be quite active behind the scene, and today's trading activity suggests that they may be ready to release some significant news that can really boost the gains here!
CAVU was formed to be a fully self-supported independent energy company – which we define as a Company that has enough of its own equipment, services, leases, projects and assets to be able to keep most of the services needed in order to become a successful energy company ‘in-house.’
CAVU’s has assembled a management team with diverse experience in the energy sector ranging from investment bankers to drillers to seasoned energy business professionals. Not only is CAVU’s team a top-shelf management team, the Company is also steered by an advisory committee that is comprised of some of the most respected and experienced professionals in our business.
With a sound model and an excellent management team, CAVU’s founders then began focusing on ensuring that the Company’s projects are among the very best available in the country. To that end, CAVU is focusing primarily on oil and gas fields that have been previously developed and abandoned prior to 1980. This strategy reduces risk and the impact of environmental issues usually faced with developing new fields. CAVU has recently acquired leases that have producing oil and gas wells, and plans to start a multi-well drilling program during the second quarter of this year.
CAVU’s business strategy will be growth through developing proven leases utilizing its core business assets in drilling as well as servicing (reworking and re-conditioning)
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