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To: kollmhn who wrote (64144)9/12/2008 3:05:41 PM
From: Dale BakerRead Replies (2) | Respond to of 118717
 
The trading in small cap energy is pretty crazy. BOGA was a lottery card, but I have looked at PRC's numbers enough to feel fairly comfortable with my modest stake averaged in at 1.50ish.

Not to say it couldn't go lower, but I know they will make money with oil over $70, and their fields have plenty of potential for new discoveries.



To: kollmhn who wrote (64144)9/12/2008 10:17:04 PM
From: Jurgis BekepurisRead Replies (2) | Respond to of 118717
 
BOGA - actually there was a "make whole" provision and Loeb's cost from conversion is much lower, about $.45. Still almost 50% above current price. Of course, he cannot (?) buy more without insider trade reporting. BTW, he sold swaps that makes his fund BOGA-price neutral outside .33-.40 collar. The funny thing, he sold the swap to his own other funds. ;)


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