Repeat of Post #14 - with prices
BSX-T $1.75, FL-T $18.25, IMS-T $50.20, RGW-V 2.00 ,URC-T $4.25.
Stories:
Black Sea Energy -- a Friedland venture, they're doing workovers on oil fields in the former Soviet Union. IPO was about six months ago, and so far they appear to be doing things right. The market doesn't seem to agree with me, however, as the stock has done nothing but go down. Current market price of this stock values their oil reserves as something like 50 cents / bbl.
Falconbridge -- one of the world's leading nickel producers. Stock has been trending down for more than a year on commodity price weakness, from over $30 to a low of around $17. Maybe its time for a bounce after tax loss selling?
Imasco -- company owns Canada Trust, Imperial Tobacco, Shoppers Drugmart. Suspected takeover candidate.
Ridgeway Petroleum -- company discovered a 30 trillion cubic ft. deposit of carbon dioxide in Arizona, along with associated helium. If they can successfully exploit the deposit, or find someone who can, the stock could be worth something.
Upton Resources -- one of the dogs of the '97 oil patch. Good little company whose shares were bid sky high on the promise of big things happening in the Midale play in Saskatchewan (the play that made companies like Berkley). Didn't work out quite as hoped, so the market took the stock out and shot it. Company is trading at an incredibly low cash flow multiple and has excellent prospects on its other plays. |
