Canadian-under $3.00 Stock-Picking Challenge Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Al Collard who started this subject	6/1/2001 5:09:41 PM
From: Condor	Read Replies (2) of 11802

At the risk of becoming a "boring" stock picker I will again go with v.sml next week. In the coming week this stock has two significant events that will possibly be announced. It is therefore poised as a potentially great "swing" and "momo" play. 1) SLM's gas drill hole in Alberta should be declared a success next week as it was hitting multiple gas shows on 9 different horizons on the way down this month. The hole will be completed Saturday at the main zone as I understand and the "logging" should take place by Monday I hear. No doubt an announcement will follow immediately. 2) SLM has a 12 1/2% interest in a discovered oil field in Algeria that they and partners have drilled and it's other participant (none other than) BP has declared they will sell the field and have taken bids and closed the bidding on May 29/01. SLM will also sell their share. It is possible that the results of that bidding will be made known next week although it could take longer. It is accepted that they have 100,000,000 barrels in that well and possibly as high as 4-500,000,000 barrels. At $1.50 in the ground per BBL. SLMs share would indicate a value of from $ 2.14/share to $ 7.14/share. These calcs however could be debated ad nauseum r. The point is there is significant value there, it would appear. Anyhow, thats my story Al and I'm stickin to it. Thanks C

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next