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Gold/Mining/Energy : International Rochester Energy Corp. (V. ROH)

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To: R F B, Jr. who wrote (36)2/20/1997 11:19:00 AM
From: peter hogan   of 188
 
Were all like a bunch of old bickering ladies in this thread. The bottom line here is if we hit oil, then we'll all be laughing. I still think ROR will go to $2 - $5 on a successful well, not on cash flow or NAV but on it's further upside potential. All of a sudden we go from a speculative play to a junior oil and gas company. How much of a premium would you pay for a company with cash flow, asset value, cash in the bank, no debt, more targets in Colombia with Harken, and actively pursuing other international oil deals? If you'll only pay $0.80 a share then I'll gladly buy them from you. Keep doing your due diligence but at the end of the day, it's hard to quantify intangibles and intrinsic values.

Cheers
Peter
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