Hi S&P,
<<I don't see the EJ guys challenging you here...>>
Now please, don't you go picking a fight for me !! I seem to do just fine on my own !! <gg> Seriously, the fellows at EJ (along with many others in the participating companies) have been quite sincere and very helpful to me in my attempt to understand the ownership interests and issues. I thank them all.
<<I do, however, stand by my statement that the APO figures are just a very rough guideline at this stage in the game.>>
My whole argument is simply that if one is attempting to provide an objective and meaningful comparison of A to B, then one must do it with common criteria and with a criteria which has "merit". Hell, I'm not concerned with a 1.4% error on KOB's "investment impact" when we do not even know whether the reserves are 500 BCF or 16 TCF !!! I'm an old engineer and I am rather "picky" and detailed type of person, but I do also attempt to be practical. At my age, believe me, I do know that you can't push a rope ( or a soft noodle, or...) !!! <gg>
What "interests" are commonly and widely used in the brokerage community ?? APO interests !! So, what is the justification for using some contrived variance for ELH ??
<<I think you are coming around to believing that KOB is the front-runner (my assumption)...>>
Well, to each his own. Because of the superior leverage which they both offer in ELH, I once again hold mainly KOB but I also have some "residual" HTP. Having spent considerable effort reconciling the APO working interests, I am convinced that KOB offers the best leverage. I prefer their TSE listing. And, although I was very pi**ed because I was unable to participate in their recent rights offering, I have confidence and "faith" in KOB's management. I can not say that about all the participants. I also view KOB as the most likely takeover candidate in the ELH play. When I compute respective share values, based upon my expectation of only the minimum ELH "discovery", I do not feel compelled to seek downside protection by purchasing shares of participants with larger asset bases. But, that is me. I certainly do recognize and I am very comfortable with the risk which I am taking.
I also have purchased a nice long term position in TMK simply for the huge windfall potential possible should any one of Cal Canal, Lucky Dog, or Pyramid Power be successful. Should none of those plays be successful, well TMK's interest in the ELH "minimum discovery" should still cover my downside.
I have previously advised you that I do daystrade BKP in my RRSP. I sold my holding in it near the high yesterday and now I await a new entry. Maybe later today as it is very close to my target already.
<<I don't believe that the stocks would trade in perfect harmony with the numbers shown....>>
What, are you suggesting that some companies can leak information faster than others can ??? <LOL>
Have a great day.
My best regards,
grayhairs |
