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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (160118)	5/22/2009 9:47:51 PM
From: ogi	2 Recommendations Read Replies (2) of 313361

Both made it onto PESCOD tonight!!! Takeover candidates.:):) ANTRIM ENERGY (T-AEN) $0.78 +0.13 ITHACA (V-IAE) $0.71 +0.16 In a chat today with Warren Verbonac oil and gas analyst with Octagon Securities he mentions how brave a person has to be to make predictions on prices for natural gas down the road. Particularly with all the potential of shale gas these days. As far as oil though he feels more certain about predicting $60 for July 1st this year and $65 by Christmas and he makes a very important point about that price. With the companies cutting back dramatically on their costs and in a totally new environment he suggests that a company these days might do as well at $60 oil as a year or two ago at $80 oil. “Costs are simply down dramatically just about across the board.” As far as stock picks Verbonac has his eye on the North Sea liking stocks such as Antrim, Ithaca, and Sterling suggesting these juniors have done much of the work and wonders why some of the big guys with big bucks simply don’t just take them over. He might be onto something look at the huge volume today on Ithaca and Antrim.

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