I am initiating Condor Petroleum (OTC:CNPRF) with an investment horizon of 2-3 years and with an investment recommendation of "Strong Buy".
Condor Petroleum is an oil & gas exploration company based in Canada with an exploration asset in Kazakhstan. Condor Petroleum current trades at $0.31 per share and a $107 million market capitalization.
In this initiating coverage, I will discuss the company's asset, the potential reserves and production growth from the asset and the reason for initiating Condor Petroleum at this point of time.
I would like to mention at the onset that the trading liquidity is not high in the OTC markets. Investors can however consider exposure to this stock in the Toronto Stock Exchange...
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