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

To: Spekulatius who wrote (38975)	8/26/2010 2:17:44 PM
From: Paul Senior	1 Recommendation Read Replies (1) \| Respond to of 78470

How about trying your thesis value on Coastal Energy? It's one I've mentioned here before. It also gets some press on other SI sites: Message 26779276 Its latest presentation is here: coastalenergy.com It gives most of the information I'm looking for. Not all, and not in the format I'd like, but still, flowing production of oil, flowing production of gas, 1p+2pnpv10. Also fwiw, company estimate of nav per share. I see 113M shares fully diluted. I use that and cash = $10M, debt = $3.5M to rough out enterprise value at C$470M. For me, the presentation confirms what I've believed to be so from my prior look at the company: namely, with the metrics I'm using and on the current approximate enterprise value of the company, that the stock's cheap -- still cheap enough for a buy for me. I've a few shares, and I added a few more today. This evaluation all jmo, and of course I could be wrong in a lot of ways (the metrics I use, the future price of oil or gas, the future behavior of Thailand toward the company, and so on)