The Razor's Edge
2-Year Price History
Recent Price
(1/2/2009)
$0.04
52-Week Price
$0.02 - $0.26
Market Capitalization
$1.6 Million
Most Recent Dividend
$0.00
About California Oil & Gas Corp.
California Oil & Gas Corporation is considered to operate in the Basic Materials
sector. They specifically operate in the Oil & Gas Drilling/Exploring
business segment contained within the Energy industry.
The Company is engaged in the acquisition and exploration of oil and gas properties located in North and South America.
A Word Of Caution
Stocks trading for less than $1 are loosely termed "penny" stocks. California Oil & Gas Corporation (COGC) is selling for less than $1 per share. While, we stand by our ratings methodology for long term value investors, often times "penny" stocks will be more volatile. Because many "penny" stocks are lightly traded their stock price can fluctuate because of a single large trade. Also, there is generally less analyst coverage of such "penny" stocks and thus less information from which to base our rating.
Therefore, (and as always), check additional sources and available information regarding California Oil & Gas Corp. before making an investment decision.
Ockham's Rating
Rating Specific Information Withheld
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COGC Revenue
Unfortunately, we do not have reliable fundamental data available for COGC at this time. Coverage will resume as reliable data becomes available.
COGC Cash Earnings
When there is not enough positive Cash Earnings history available for a company, we at Ockham Research can find it quite difficult to actually rate their ability to generate cash. Such is the case with COGC. When a company has current positive cash earnings but not enough years of history to compare it to, we find the correlation of cash earnings to valuation significantly hindered. So with COGC, we will have to wait to see if there are a few more cycles of positive Cash Earnings numbers before we will be confident in our Cash Earnings analysis.
COGC Dividends
A positive Ockham rating does not require a company to pay out an inviting dividend or a dividend at all. However, we believe dividends provide a useful measure on a company's inherent expectations. While we do like to see companies with healthy and growing dividends, it is not appropriate for all companies, especially those focused on growth. We regard COGC as neutral in terms of dividends because they have no history of paying a dividend and continue to reinvest that money for growth purposes.
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