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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (51633)	11/7/2013 5:29:24 PM
From: Paul Senior	Read Replies (1) of 78632

With the market down 152 (Dow) and oil stocks down with it, I took it as a chance to add more shares of Iona Energy. Company seems to be in a position where they are now pulling up oil, enough so that analysts say IONAF can likely self-fund their production operations for oil they expect to extract from their new fields in 2015 and 2016. This might bring production from about 4k boepd to maybe 17k. I am looking for 7500 bopd by end of next year-- that would make Iona very cheap (on an enterprise per flowing barrel basis and perhaps cash-flow/share basis) using current stock price. So I am expecting the stock to move up in the coming 12 months. I have a full position in INA.v/IONA, and I continue to add shares at current price. ----------- I reentered Boardwalk Pipeline Partners LP for a few initial shares. finance.yahoo.com

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