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

To: Ernest K Brandt who wrote (92080)	10/17/2007 5:35:31 PM
From: Ed Ajootian	Read Replies (1) \| Respond to of 206209

Ernie, you're welcome! That buy was great timing, its nice to hear that somebody was paying attention right at the beginning and didn't need to see the stock start moving up first before jumping in with me. I looked at American Oil & Gas (AEZ) awhile back and actually bought a very small amount, but I don't believe I own it any more. They are getting into some great plays, but if memory serves, most of their value is being generated by their "resource plays", and I have a hard time getting my arms around valuations for those kind of companies, at least those that are pure resource plays. AEZ has been around for several years and does not have much proved reserves or production to show for their efforts yet -- they are still in negative cash flow mode. In contrast to a company such as AEZ, I can buy Brigham Exploration for essentially its book value, so basically I am getting BEXP's Bakken Shale play for free. Good luck!