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Gold/Mining/Energy : Canadian Oil & Gas Companies

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From: HotnSpicy7/31/2005 3:05:18 PM
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DIAZ Energy. DZR. Hugely undervalued

Company has nice properties. Found new oil pool at Harmattan. Light Sweet 50API. Also has some excellent Texas gas wells. Really low decline (almost zero decline).

Trading at huge discount to NAV (45% discount) Iradesso has them as trading at the biggest discount to NAV of all Canadian Juniors.

Trading about $30,000 per flowing boe.
RLI 11 years
about 1450 boed production. Exit guidance for 2000.
Check out the June presentation: diazresources.com

You will be impressed (and as confused as I am as to why the stock refuses to be appropriately valued)

Simply the most undervalued junior in Canada, bar none. Absolutely no reason to trade at current levels. Company is up for sale as market refuses to price the company appropriately. Upside is at least 50% imo...

No heavy oil, no hedges, nothing to justify such a discount...
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