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Strategies & Market Trends : Value Investing

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To: Winix who wrote (25636)	1/2/2007 2:44:34 PM
From: fp_scientist	Read Replies (2) of 78702

TREF closed today at 46.80 Norwegian Krone, ie ~47 NOK. This translates into ~7.5 USD at current exchange. You can get a quote from Yahoo here: finance.yahoo.com or from the Oslo Exchange here: oslobors.no. Yes, it is a small, under the radar, independent oil producer in Argentina. Currently producing 5,000 bopd but gearing up. The company's website has good information: trefoil-limited.com A bunch of old TS/TX shareholders who hang around the Investor Village forum have discussed TREF in the TS thread here: www1.investorvillage.com I use Fidelity. You can buy TREF in the US (via a couple of market makers) or directly in Oslo (orders > $50k USD). Fido's commission for international is steep (3.5 c per share) so careful there. Of course this is one you want to put a limit order and perhaps be patient to get filled, especially if you trade in the US. The IPO was about a year ago and the stock has not done much since then. I think it will start moving any time, definitely after the next quarter report and when reserves are adjusted later in 2007. Disclaimer: I own a substantial position in this stock as I mentioned in previous posts.

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