Stanford Oil & Gas (SOG was STB) Message Board

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Gold/Mining/Energy : Stanford Oil & Gas (SOG was STB)

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To: cash money who wrote (67)	4/13/1998 9:36:00 AM
From: Sky High	Read Replies (1) of 196

I spoke to the company recently. They say they are trading at less than twice cash flow, and should be in the 5 - 10 multiple. That would put them at about $1.25/share, so I agree with the $1.00 price minimum. They feel the low share price has been caused by nothing other than lack of news. I have been using the opportunity to accumulate. If things pan out well at East Morgantown and San Joaquin, we should see the price at around $2.00. East Morgantown should have the completion rig in place as we speak. It will be about 10 days till the results are out. San Joaquin should be spudding next week. Good luck to all

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