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

To: Spekulatius who wrote (39820)	10/29/2010 3:07:17 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78462

You are correct, imo. There's no way to value these two that I see. I've bought and have losses with them (which is deserved, I guess). I'll continue holding though to see what happens. SYRG's focus in prolific Wattenberg area may prove to be okay. DPTR likely to be a write-off for me. These two companies as well as a couple others are very sparse with information as to what lands they control. Significantly too, sections underground, in several instances (given state laws) may be split and leased separately, i.e. the leasing of certain shale levels and/or shale gas rights vs. oil rights. So it's very difficult for me to figure out what each company's land holdings actually are and what they mean, unless the companies are forthright. And sometimes - like these two - they give no useful presentations or website information. For the Niobrara, I'm not looking for confirmation that the particular company is a value. I'm interested in acquiring shares in every one, and I'm betting I'll have a couple of very good producers or land-holders, and that the stocks of these will far outdo the losses I'll have in the other e&p Niobrara stocks where the companies just don't make it.