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.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: excardog who wrote (41753)	4/13/2005 6:27:10 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206201

excar, FPPC, WHIT -- IMO cash flow is not a major parameter on which these microcaps trade. If someone is looking to buy cash flow they will buy KCS or CHK, not Whittier Energy. The thing that compelled me to Fieldpoint is that they got carried on a potential company-maker well, for a 14% working interest. The ability to get carried, or at least farmout for a promoted interest, your wells to other parties represents an off-the-books intangible asset, and given that the operator has decided to complete this well the value of this asset has gone up for FPPC. I recognize that FPPC is trading at a higher premium than WHIT to its current fundamentals though, and if this well does not test commercial amounts of gas the stock will no doubt take a big hit.

To: excardog who wrote (41753)	6/28/2005 7:23:10 AM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206201

excar, Whittier Energy (WHIT) -- Are you still holding Whittier? I had trimmed my position a bit but have decided to hold the balance through this reverse split. Usually these stocks drift down after a reverse split announcement but this one is actually drifting up. Maybe the fact that they will graduate to Nasdaq NM is overcoming the detrimental effects of the reverse. The company they bought was just what the doctor ordered IMO. The key to success in the microcap arena IMO is having the ability to generate your own prospects, and farm them out to others on a promoted basis. I believe Whittier will be able to do this now.