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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: Whynotte who wrote (128)4/2/1999 12:34:00 PM
From: c.d   of 272
 
Good input however, the shallow stuff in Glancy is not high risk or low return ratios. And besides, what do you mean by "keeping the lights on"? how do you equate that to wells that generate hugh cash flows and roi at 6 months, after land acquisition considered into the equation and provided typical land acquisition expense. With the total outstanding shares versus a 30,000 mcfpd net rate, the stock could easily trade at 3 to 5 cdn, provided no debt. May be these guys need to focus on the deeper larger pays because of debt. Show me a company in this area with little or no debt, good acquisition skills and an understanding of the opportunity, and I'll be a big buyer. Don't play down Mississippi...it makes me suspect. Production is the cornerstone of the E&P business.
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