ASRG - from Raging Bull:
Why ASRG is a Buy:
>In only one year, the company has gone from being a -.57 per share loser to being profitable for 3 straight quarters.Our current p/e is around +.04 by estimates.
>Most of the major web sites will be updated soon after
the 10k is out in sept.with our true numbers!
>ASRG is currently making approx. 8 to 1 on their investments.
>CEO has vowed NOT to reverse split., but said he may buy back some shares in the near future.
>Dominick & Dominick Securities, a respected firm in Canada, released a report on Aspen saying that they expect us to be worth .75-1.00 EVEN IF NO FURTHER ACQUISITIONS TAKE PLACE and have rated ASRG a BUY
>Taken DIRECTLY FROM DOM & DOM REPORT- Cash flow is forecast at around US$8 million($0.07/share) in 2000 and over US$14 million in 2001 ($0.12/share) and both estimates assume no further acquisitions. If Aspen successfully completes the balance of its current acquisition projects, valued at around US$12 million, production and cash flow on an annualized basis could reach 2,475 BOE/d and over US$18 million ($0.16/share) respectively. In these cash flow estimates we have assumed a constant price for natural gas of US $2.70/Mcf(currently $3.15) and for oil, US$25.00/bbl (currently $28.00).
>the dom report is available ,along with a lot of other information at asgrc.com
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Here`s a link to a look at our managment:
ragingbull.altavista.com
Aspen currently has interests in about 840 producing wells, and is currently involved in 6 or 7 acquisitions (Source: CEO).
Aspen has had three consecutive profitable quarters and the forth is said to be better than the first three combined due to rising oil/gas prices. In the last three quarterly reports, Aspen posted consecutive increase/sales of 738%,565% & 629%. (Source: CEO and SEC filings)
Current float is 35 million shares (source: Dom & Dom report)
Aspen currently has positive cash flow, including a 25,000,000.00 revolving loan through"local Oklahoma Bank" (Source: CEO and Local Oklahoma Bank)
Current Net asset value of the company is currently between one and 2 dollars per share. (Source: CEO)
In conclusion, Aspen is a fast growing company that is an excellent value play in both the short and long term |
