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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: krl who started this subject8/13/2000 9:33:39 PM
From: JUNIORSPECULATOR  Read Replies (1) of 350
 
What is with this company? Bought on the premise of REAL VALUE at 52.cts to .55cts. Is management out of touch with reality? Do they not consider it's shareholders vested interest in the company? Have they made any attempt to go on the road to show the institutions the REAL VALUE behind the company? Oil has MORE THAN DOUBLED AND THIS STOCK IS DEAD IN THE WATER!!!!!!!!!!!!!It blows me away when I see investors buy absolute garbage E-Commerce companies? Where is COMMON SENSE IN THE MARKET GONE? (Frustrated Shareholder)...
It appears that the company will have good earning for the year.Cash flow is improving. No debt to speak of that would impact the company's future earning potential. Currently they have earned .13cts per share (PE 5x)for the first 2 quarters. Stock is trading at .64cts. What is the problem with this picture? Estimated that the earnings for the company by year end could be .35 to .40cts per share. At current price levels I am totally bewildered at the share price. NAV is estimated at $1.94. This does not take into account the prospects of future discoveries of Oil..With no foreseeable let up in the price of oil in the near term, what have I missed in my assessment of this company .Any additional research material and comments would be appreciated. I don't know of any other company that has the possiblity of having it's earnings equal to it's share price ???????????????/.....CONFUSED INVESTOR Thank you ..

PS:

What ever happened to REAL companies that earn real money...
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