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Microcap & Penny Stocks : Rat dog micro-cap picks--now moderated -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (655)	4/19/2004 11:31:10 AM
From: George Burdell	Read Replies (1) \| Respond to of 1338

If it runs up, there will be some profit taking, but I don't see it falling significantly below current levels. I'll probably unload some if it looks toppy, but buy back when it settles. If they end up controlling as much oil as it seems they will, they transition from speculative stock to commodity. I think they currently qualify to move to the AMEX and could be NYSE material before long, a move which would bring in a different type of investor. Some of the RB posters are valuing things as if they get the price at Cushing for oil sitting under a lot of water off the African coast, but even taking that into account, a billion+ bbl of reserves should get them a market cap well north of $500 million. And that's not counting what they may get from the EEZ round.