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Microcap & Penny Stocks : Benz Energy (BZG.V)
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To: JL who wrote (97)3/17/1999 10:54:00 PM
From: Ed Ajootian  Read Replies (1) of 272
 
All Benz fans,

Brace yourself --- the Fortenberry is just a football field away from the key zones of interest. This is a "make-or-break" well and the Big Seller is no doubt well aware of this. It would not surprise me to see him start dumping the hell out of this stock over the next few days.

If in fact he dumps this would be an extraordinary opportunity to load up on this stock. They already know from the first time they drilled in the hole that the well has found commercially producible gas. The only question now is whether in addition to the stuff they found up-hole have they also hit the mother lode of 63 BCF of gas that is estimated be down deep. Sometime prior to April Fool's Day the answer should become apparent.

If he doesn't dump then I would even be more bullish. This would indicate that he is either: 1) confident enough of the outcome that he does not see fit to take down his position prior to learning the answer, or 2) realizes that Benz has enough other things going for it that just missing this one well will not be the end of the world.

I still hope that Benz doesn't put any announcement out after the well is logged but before it is tested. Better to keep it unofficial so the Big Seller does not get the benefit of selling into the torrent of buying that would occur.
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