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Gold/Mining/Energy : OEL.V Osprey Energy Limited
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To: Apex who wrote (583)10/22/2000 11:55:10 AM
From: The Osprey  Read Replies (3) of 1134
 
Imagine how the people who sold their stock at 1.05 feel also.....lol....I only got 5K at 1.05 and had 3K left on the bid side at 1.05 and 1.04....I am going market monday if their is anything for sale under 1.50 as this is a steal IMHO.The approval, I am told, is what has caused the dry spell in telling investors anything about the property.I can hardly wait for the week to start.I hear the Cotton Valley property that got approved is a nice little piece of turf.I am told it is almost entirely surrounded by Anadarko Oil.They are not a small company anadarko.com

Oil and Natural gas prices are holding nicely and should bode well for this little company with less than 6 million shares Outstanding.

Hypothetically speaking, if these guys have 500 BOPD production X 30.00US x 350 days X 150% (for Canadian Conversion)=5,250,000.00/year canadian.That is cash flow of almost 1.00/share based on Outstanding shares.A normal multiple to earnings is 5 but if you are conservative and use 3 that still is 3.00/share that this should be trading at if the number is 500BOPD.
In looking at their financials I suspect these guys also have nice tax loss carry forwards so cash flow less royalties and state taxes should almost put production on the bottom line, or the reduction should be minimal.

Damn....only 21 hours and 35 minutes until the market opens......Best get my orders in place....LOL

The Osprey
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