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.

Pastimes : Crazy Fools LightHouse -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (3045)	3/19/2008 8:22:24 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 3198

&#8362 David Pescod's Late Edition March 19, 2008 ARISE TECHNOLOGIES (V-APV) $1.20 -0.11 During the bear market of the last while, we’ve been absolutely astounded at how beaten up some stories including some of our favorites have become. Who would have thought an Oilexco could drop almost 50% or a Petrolifera Petroleum, or a Corridor Resources or….the list goes on. Given how topical green power is these days, another one that is surprising us is Arise Technologies. Today they announce that they’ve lost four cents a share for the last quarter and have lost $4 million in the last quarter, but starting shortly, they actually start production. Today, Haywood Securities and analyst Ralph Garcea, write up the stock and suggested that those negative earnings were right in line with expectations. He still expects full-year 2008 revenue to remain unchanged at $77 million, points out that the German PV cell manufacturing plant is opening in April and the 35 MW cell production line should be operational on-time. They point out that the financial position remains sound and are receiving grants from the German government. Also pointed out and one thing you like to see is their new CEO has been granted 900,000 options at $1.60 meaning he is going to have to make sure things happen if he ever wants to cash them in. Garcea has a target on the stock of $3.60 and it will be interesting to see as production starts to wind up for April/ May, whether the market is there and more importantly, whether people care about the stock. As well as Garcea, Canaccord’s Sara Elford also has hopes for the stock and she has a target of $3.75. For those who would like to read her in-depth background report, email Debbie at debbie_lewis@canaccord.com. GOLD $945.30 -59.00 OIL $104.48 -4.94 GAS $9.11 -0.30 S&P/TSX COMPOSITE 12,721.37 -415.33 WAVEFRONT ENERGY (V-WEE) $3.17 +0.58 It’s a truly ugly day on the Toronto market, because all of a sudden, at least for the day (and who knows what’s coming tomorrow), it looks like we have a little bit of a problem as someone burst the commodity balloon. Gold is down and having one of its worst days in history, while oil is down significantly and so is gas, and most commodities are clobbered, as are the commodity related stocks, particularly the fertilizer ones which have been absolutely beaten up. It’s hard to find a winner on the screen, except for Wavefront Technology. We followed this stock off and on because Jim Letourneau, of Big Picture Speculator, has been a big, big fan of it, for a long long time, and it looks like his patience has been rewarded. We had Jim do an article for us on what the heck it was all about, and unless you are kind of a high techie-type person its hard to relate to. Today Wavefront announces another oil and gas company, this time in Fort Worth, Texas, that has decided to use the power wave technology to try improve their oil and gas production. The company isn’t named, but obviously, the market seems to care about this development as the stock flies on a day that most stocks are falling out of bed. Nice call Jim! ITHACA ENERGY (V-IAE) $2.66 +0.01 Yesterday, Ithaca Energy announced that the exploration well on the Manuel prospect is in the process of being plugged and abandoned ….oops! Canaccord Analyst, Fred Kozak, writes “It’s a short term negative, long term neutral. We had no attributed value for this Manuel well in our valuation, and had a risked value for the prospect in our exploration upside.” He continues, “While, a successful well could have provided additional asset value to the company, the unsuccessful exploration well does not change our perspective of the company long term, given its extensive exploration portfolio.” Kozak’s target remains the same at $4.50 and he writes about the next catalyst exploration results from recently spudded third appraisal well at Athena are expected to be released in mid April. Positive results could provide additional asset value to the company. For those wanting to get a look at Fred’s report email Debbie_Lewis@canaccord.com and the reason you might want to, is to see the list of some of the prospects they have in their portfolio and the size of them. For instance, the Triton and Poseidon prospects are both in the range of 100 million barrels but could be anywhere between 95 and 500 for Triton and 50 and 500 for Poseidon. Which is the good news. The chance of success in exploration …….well you know that. To receive the Late Edition and be on our daily circulation simply e-mail Debbie at Debbie_lewis@canaccord.com and give your address, phone number and e-mail and we’ll have you on the list tonight.