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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: fp_scientist who wrote (25637)	1/2/2007 4:24:46 PM
From: Winix	Respond to of 78714

Thanks a lot fp_ , I will sudy more about it . If you need any information about Brazilian stocks feel free to ask me . I traded it for more than 15 years , now I´m moving out all my equities to USA market ( can only buy ADRs) but that´s ok . 3,5c a sh is really expensive for a USD 7,5 . and I don´t know if I can open an acc in Norway wo having to fly there... I see you love oil stocks and have expertise in them . Didn´t you find ANY OTHER small and atractive oil co like tref but in USA otcbb a .OB or .PK ? Or y just have eyes for her ? Rsrsrs

To: fp_scientist who wrote (25637)	1/3/2007 9:31:37 AM
From: Madharry	Read Replies (1) \| Respond to of 78714

I spent some time researching tref and this what i came up. Despite the fact that mgmt projected peak end of year production at 5400 boed, they made no announcement that they achieved that. They completed two additional wells and it sounded to me like production would be closer to 4000 than 5000. Comparing it to PDP.to which is also in argentina : PDP announced peak oil flow of 13,700 boed vs a market cap of about $645MM. for trefs market cap of $262 .5MM the comparable would be 5575 boed. I could find no information on reserves. So based on above I just dont see why TREF is a compelling buy at the moment, especially since its a lot more expensive than PDP.to. I own neither but I do own CLL.to which owns 35% of PDP.to.