Silicon Investor (SI) -- The First Internet Community

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.

Microcap & Penny Stocks : Benz Energy (BZG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Sleepman who wrote (240)	2/26/2000 2:36:00 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 272

Dan, I'd suggest that you make up your mind one way or the other on this one very soon. The volume has picked up substantially in recent days and this often precedes significant news and/or stock price increases. They are due to put out their 4Q numbers and year-end reserves any day now. My bet would be they come out the week after next. At that point it will finally become so obvious that this company is woefully undervalued, and the stock will move up to at least the C$.15 mark, probably more. So you are looking at a 33% move in less than a month, with little risk. There is little chance of profit-taking on the upcoming runup since following right after that will be the news of their next Oakvale Dome well, which is expected to hit total depth at the end of March. Assuming this well is good (a good bet since it is developmental, not exploratory), the stock should power up to the high teens at least. I promise not to bug you on this one any more. Just either make the decision to buy now or forever hold your peace. If Canadian junior stocks do not appeal to you, but you would still like to participate in the O&G industry somehow, take a look at Panaco (PANA). This company is on the US OTC BB and trades at a whopping $.64 per share, many multiples that Benz's stock trades at. I believe PANA has more upside than Benz at this point actually.