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Microcap & Penny Stocks : Benz Energy (BZG.V)

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To: Sleepman who wrote (246)3/21/2000 2:23:00 AM
From: Ed Ajootian  Read Replies (1) of 272
 
Dan,

Wondering if you ever jumped in the pool with us on this one. The recent price action has been most encouraging. It appears to be consolidating up at the C$.14 mark, a 40% move up from the lows.

The stock price went up today in spite of the slipping natgas prices. They have 80% of their gas hedged at around $2.50, for about the next 2 years, so there is no big downside if natgas prices go down.

I believe they will announce 4Q numbers next week at this point so you still have a few days to buy before the next leg up. The amount of sub- C$.13 stock out there is very limited at this point IMO.
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