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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Crossy who wrote (4471)	12/31/2003 11:37:29 AM
From: Guy.	Read Replies (2) of 37387

Crossy, here is one oil stock you might want to check: TRGL $4.5 Volume and price are going up in the last few days with new 52wk highs. 9.3 million OS. (2 million additional shares can be issued due to options and Convertible Preferred Stock) Market cap is $42 million and they announced 20 days ago that they will sell the U.S. mineral and royalty assets for approximately $45 million to an undisclosed buyer. The sale will reduce TRGL's proved oil and gas reserves by only 14%. >>The sale will allow Toreador to strengthen its balance sheet by extinguishing its two senior credit facilities, which will reduce debt by approximately $30 million. The sale will increase stockholders' equity by approximately $20 million.<< biz.yahoo.com They have interests in 4.6 million net undeveloped acres in the United States, France, Turkey, Romania and Trinidad Proved reserves of 16.1 MMBOE at 12/31/02 76% international; 24% domestic 87% oil; 13% gas International assets 100% oil Earned approx $2 million in the first 9 months with cash flow from operations of $7 million.

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