Ocelot Energy, OCE.B-T Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ocelot Energy, OCE.B-T

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James M. Belin who wrote (3)	12/14/1998 1:38:00 PM
From: Robert Dydo	Read Replies (1) of 9

The report is very long. You will get the original if you e-mail the company. I can give you the highlights here: They recommend it as a speculative buy for following reasons: 1/shares trade 66% discount to net asset value. 2/Canadian assets (net of the debt) worth 3.35 per share. 3/mid-term liquids volume growth expected from Gabon and Kazakstan. 4/Exciting longer-term gas-to-electricity projects in Cameroon,Tanzania and Kazakstan. 5/Company plans to undertake another international deal within 12 months. 6/ five year exceptional cash flow. Net asset value per share upside 15.10 Lyons family own about 27% of Ocelot shares. You are right they also own Snow Leopard. They bought it because Leopard had a property which fit the bill for Ocelot transition from small local independent to large international independent company. Do you have reasons not have a confidence? Lundin family is an example of different companies including Lundin Oil and Argentina Gold. At one time ARP was a dog trading at 0.35 per share and I heard people saying that nobody can trust them. Lundin OIl is doing also fine. There is at least one more company own by Lundins which is trading in pennies. I believe at the volume of 1,800 bod Gabon production would cost about $2.00 per barrel? I am not sure of that. Contact Glenn Gradeen <GlennG@Ocelot.ca> for the copy of recommendation. He offered some explanation for lower price lately: "We are not aware of anything specific around the recent volumes and share price weakness other than the current market malaise with respect to oil stocks and Ocelot's expanding international portfolio. Ocelot continues to focus more and more of it's efforts on it's international projects and for that reason we believe there has been some cycling and realignment of shareholders. We have also been looking at the possibility of disposing of some or all of our Canadian assets to help capitalize the international projects but no decision has been made on this yet. As you can see from our third quarter report, the balance sheet is healthy and there is no crisis looming (other than the weakness of the share price). Not all shareholders are completely comfortable with our expanding international presence - but new shareholders with an understanding of the longer term vision are buying." I hope this helps, Regards Robert

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next