CCEC is quite small at $60M market cap. Shares are down 17% this year. Canadian-based oil and gas exploration and production company, with its core operations centered on the Kiskunhalas Tight Gas project in southern Hungary, a significant resource opportunity in the Pannonian Basin. Recent resource evaluation (as of September 2025) increased the total contingent resources to 1.1 trillion cubic feet (Tcf) of gas and 116.6 million barrels (MMbbl) of condensate, with ongoing development boosting both acreage and the number of wells in the field development plan. But this is a high-impact, high-cost, high-risk development. The company is pre revenue and will likely need more capital. Certainly drilling success would move the stock, but it is early days here. The company has also had some leadership shuffling recently. We would consider it too risky for general endorsement at this time.
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