updated 3/3/2011 7:15:57 AM ET 2011-03-03T12:15:57

DALLAS, March 3, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Cano Petroleum Inc. (NYSE Amex:CFW). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision. 

The full report is available at: www.microstockprofit.com/lp/CFW

Cano Petroleum Inc. (CFW) is a Texas-based independent oil and natural gas company with properties in the mid-continent region of the United States. As of September 22, 2010, CFW had 18 wells containing multiple completions. On September 22, 2010, the Company had total acreage of 59,545 gross acres and 59,085 net acres, all of which was considered developed acreage. The Company sells its crude oil and natural gas production to multiple independent purchasers. As of June 30, 2010, the Company had a total of 34.2 million barrels of oil equivalent (MMBOE) of proved undeveloped reserves. During the fiscal year ended June 30, 2010 (fiscal 2010), 10% or more of its total revenues were attributable to four customers accounting for 33% (Valero Marketing Supply Co.), 22% (Coffeyville Resources Refinery and Marketing LLC), 18% (Plains Marketing, LP), and 10% (DCP Midstream LP) of total operating revenue, respectively.

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In the report, the analyst notes:

"CFW surged 26.11% to close Wednesday's trading at $0.60. It traded with unusual volume of 10.42 million shares, above the daily average of 437.80K shares. The stock is currently trading above its 50-day and 200-day moving averages of $0.38 and $0.46, respectively."

"During its fiscal second quarter, CFW said its primary operating activities focused on continued reduction in Lease Operating Expense (LOE) expenses, continuing the return-to-production (RTP) program at the Desdemona Properties and restoration of production facilities at the Cato Properties necessitated by the weather-related electrical outage which shut in production for 30 days."

To read the entire report visit: www.microstockprofit.com/lp/CFW

See what investors are saying about CFW at http://www.stockhideout.com

Get breaking news on CFW at http://thestockmarketwatch.com/

MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com

MicroStockProfit.com Disclosure

MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.

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         1-888-307-2850

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