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Strategies & Market Trends : Natural Resource Stocks
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To: hubris33 who wrote (20059)1/14/2005 2:33:05 PM
From: la.dave  Read Replies (1) of 108648
 
Hubris, Mostly a lurker here.
I note your comment about SNG's delisted assets. Gotta take issue with that comment. They have not been delisted and there assets are certainly still intact(though it might be prudent to sell some).

I've been trading SNG for a couple of years now(buy low sell high amd trading the hedgie swings), however I'm currently on the sidelines.

Personally I don't think the TSX issue will result in a delisting(too much time has passed since it was announced). though I do expect that they may impose certain requirements going forward(my guess, timely pr's with improved accuracy).

The main key I believe going forward is cash and success with the bit, to stop the decline in production and hopefully get within spitting range of the target of 5,000 boe/d. Of particular interest is the exploratory drilling at Drumheller for CBM with APF Energy trust and Trident as their partners(both with a s---load of experience with CBM, this may be what saves Novals ass and may fund their TnT program(if the govt of TnT ever get off their butts and finishes the psc). Also of note is the recent pr about drilling at Windfall and no mention of the CBM effort, so who and the hell knows with this bunch. They sure could be more transparent.

Must say though that Noval is a maverick that shouldn't be underestimated and may indeed pull many more bunnies out of his hat.

So my sideline position may be not nearly as profitable as being long. TWT.

Cheers
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