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Gold/Mining/Energy : American International Petroleum Corp
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To: qdog who wrote (614)7/23/1997 1:37:00 PM
From: faris bouhafa   of 11888
 
I'll go with $10/share for your half empty glass...I won't take less than $20 if the glass ever gets full. The buying pressure today is enormous. I have seen up to 50,000 shares on the offer side repeatedly get taken out in a flash. This activity is not being generated by innocent small investors.
Here's an interesting post from AOL albeit a positive one:

Subj: Re:Cohen coverage
Date: 97-07-23 12:18:27 EDT
From: CORFIN1

Anyone ever heard of Robert Cohen & Company? How big? I'm glad they came out with the $10 price. It's what my 6-12 month projection has been all along. I will say it looks like 6 months now. If you look at most 12 month estimates in the stock market these days they are reached in 6 months. As long as the interest rates are down stocks will be rising faster than anticipated. I hope this isn't the NEWS that investor relations is stated has been coming. I hope Monday brings more news on the oil or the refinery. Where did someone here info the company received samples of oil from the blowout? What kind of source gave that info? Do you think its something they are holding for the investors meeting? Or just pure heresay. Going by Cohen's assessment you could project a $40 price in 12 months. How? The potentially recoverable oil could be over $2 billion brrls after the largest site is included and the other untested sites. If you use $1.00 per barrel instead of .50 you get 1.5 million billion barrels(70%) * $1=$40 per share. Add $3-4 for the first year refinery revenues. Not $100 per share but makes $10 look pretty easy to reach. See you at the bank.

Cheers...Faris
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