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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (48361)3/5/2002 5:56:08 PM
From: RR  Read Replies (1) | Respond to of 65232
 
Good job, Champ. Nothing wrong with going to cash. Smart to be safe in this market.

Keep up the good work.

You're on a roll.

RR



To: Sully- who wrote (48361)3/5/2002 8:02:02 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
little oil/gas stock poised to jump 100-200% in a few weeks
NWAY -- NuWay Energy
price action in the last few days indicates large international orders were filled, but not before clumsy MktMakers "made room" for relative large orders
joining the Swedish buyer has been NuWay treasury purchases of stock
they are approved for buying back 300,000 shares, stating this in an October news release, claiming the share price was at an extreme discount

in a matter of days, its merger with Mendell Energy will be announced as final, comprehensive projects will be reviewed, and a huge surprise will be unveiled to the public regarding a rare mineral in their mines

in the merger news release, Mendell's business partners will be revealed
they are Halliburton, OEG Resources, and Pico Holdings
such connections will not go unnoticed

current projects include oil in Superb Saskatchewan, ramping up
... gas in Altares British Columbia, ramping up
upcoming projects include Raton Basin NewMexico for oil/gas
... oil/gas + mineral in Atlantis Montana
... oil/gas in Kevin Dome Montana
combined acreage is over half a million acres of development
the secret mineral could result in a spinout subsidiary with free shares given to shareholders

the NWAY stock has mktcap now of a mere $8M, an utter joke
this is at an extreme discount
its book value is 3-4 times that, probably 8-10x
a totally undiscovered stock with zero coverage
coverage will be initiated exactly one week after the final Mendell merger news by an independent oil/gas analyst

just want to share a surefire winner upcoming
I own a scad of shares, and expect to sell out in the teens
it is now just under 2 per share
my avg cost is just over 2 per share

the energy sector is on fire
OIH is up nicely in the last couple weeks
check its chart
the energy sector smells not only an economic recovery, but probably widening conflict in the oil regions of the world
I have steadily remarked about commodity stock opportunities
this is a good one

news on merger has been overdue for a couple weeks
they are being careful with the lawyers
Mendell wanted to obtain Naz listing, but didnt want to wait the required five years
so they merged with my tiny NuWay Energy
if they are not acquired, I expect their mktcap to eventually reach $200-250M

NuWay and Mendell specialize in oil/gas projects that other bigger firms turn away from when water is present
but Weatherford Intl (WFT) has been lapping up such opportunities for years
NuWay Energy will do the same, having the same technology

I think it is an easy 5-10 bagger before next year
its path will resemble Pennaco Energy, which went from 2 to buyout at 19 in eight months

/ jim

p.s. ignore all NWAY reference to casino firm (reverse merger done, brilliantly)