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Strategies & Market Trends : Value Investing
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To: fp_scientist who wrote (25637)1/3/2007 9:31:37 AM
From: Madharry  Read Replies (1) of 78671
 
I spent some time researching tref and this what i came up.

Despite the fact that mgmt projected peak end of year production at 5400 boed, they made no announcement that they achieved that. They completed two additional wells and it sounded to me like production would be closer to 4000 than 5000. Comparing it to PDP.to which is also in argentina : PDP announced peak oil flow of 13,700 boed vs a market cap of about $645MM. for
trefs market cap of $262 .5MM the comparable would be 5575 boed.

I could find no information on reserves. So based on above I just dont see why TREF is a compelling buy at the moment, especially since its a lot more expensive than PDP.to.

I own neither but I do own CLL.to which owns 35% of PDP.to.
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