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 : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (9365)	4/19/2006 7:06:06 PM
From: Ed Ajootian	Read Replies (3) \| Respond to of 78409

koan/Chuck, I don't follow coal stocks at all and don't do a lot of investing in Canadian energy companies, but it so happens that I have built a very large position in a Canadian junior by the name of Sharon Energy (SHY.V). Although the company is technically based in Canada and trades there, about 90% of its current production is in the US, in an area that I am somewhat familiar with, the Wilcox formation of Southeastern Texas. See Message 21937067 for a writeup I did on them awhile back. I still like the company and stock a lot, even though both the action in the field and the stock price movement has tailed off somewhat. The company has removed its presentation from their website, due to the fact that some of the slides in it were working against them in their ongoing acreage leasing activities. I believe the stock remains way undervalued, even though it has tripled in the past year, mostly due to what I will call "psychological" reasons. That is, the Canadians don't really understand the massive potential down in the Lower Wilcox, so the Canadians aren't getting too excited about the story. The Americans understand the potential but most nice upstanding American investors give Canadian penny stocks trading on the Venture exchange a wide berth. I believe the above issue will get solved over time. Management has told me more than once that they are committed to listing on an American exchange, when they believe the time is right. Sharon will be presenting at SEPAC on May 8th, see sepac.ca . I believe the presentation will be webcast. I personally would not rush out and buy the stock right now, there is a lull in the action and there is a ton of fairly cheap ($.50) shares that are about to become free-trading around the first week of May. I would be surprised if you couldn't buy in for a better price then than you can now. Thanks very kindly for offering your help on metals questions, I may take you up on that at some point.