SI
SI
discoversearch

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 : KOB.TO - East Lost Hills & GSJB joint venture
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ForYourEyesOnly who wrote (3192)7/2/1999 7:43:00 AM
From: Dave E.  Read Replies (2) of 15703
 
If you are seeking an investment in ELH with added upside if the Cal Canal and other SJ plays come in and relatively little down-side risk if the whole play doesn't pan out, you might look at ELK.

ELK has two buy recommendations on it calling for $6 in 12 months without any input from these plays. They ran into trouble with the low oil prices in Q1 and have a similar high debt level to WML but with the recovery in oil and increases in gas they appear to be back on more solid ground (hence a doubling of stock price in 3 months). They have a solid gas business in Alberta and interesting developments in smallish but low-risk oil pools in Wyoming.

I originally bought & continue to hold ELK but as the potential of this play sunk in I beefed up on HTP and its affiliated co. TMK, both of which have potential for higher relative rewards than ELK. What is nice about this play is that there are a smorgasbord of partners each offering a different risk/reward ratio to cater to different tastes. (Needless to say I have not looked closely at BKP or POU but can see a more risk averse person looking there, as long as he/she believes that the gas/oil sector is in true recovery mode.)

Best of luck with whatever you decide.

Dave E
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News