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Gold/Mining/Energy : TransAtlantic Petroleum Corp (TNP.U - was Profco) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Shugarue who wrote (79)11/11/1997 7:00:00 PM
From: rock  Read Replies (2) | Respond to of 270
 
Bill,
Yorkton Securities has done a rough estimate the worth of TSY based on
discovered oil reserves (to be confirmed) TSY would worth USD 1.00 if
50 million barrels of oil reserve. It would worth over $ 2.00 at 150 MMB of oil reserve. That's a theoretical value, the market might value
it differently. Could be higher or lesser !!!!



To: Bill Shugarue who wrote (79)11/11/1997 9:28:00 PM
From: Tom Cat  Read Replies (1) | Respond to of 270
 
Bill,
regarding the following players you posted:
CDD-------1,317,000---.31---+ .09---41%
DWM-------164,850--1.00---+ .18---21%
PSO---------370,250--2.41---+ .26---12%
TSY-------3,480,400---.57---+ .14---33%
TSY.WT----625,500---.36---+ .12---50%

I am trying to understand which one of the players is the best buy now, here is my understanding:

Company Interest% # of shares current Price Market Cap

CDD ---------3-----------10 mill---------.32------------3.2 mill
DWM ------- 12 ----------10 mill---------1.0----------- 10 mill
PSO --------50 --------- 33 mill---------2.40---------- 73 mill
TSY---------12 --------- 40 mill---------0.57---------- 22 mill
It looks to me that the most undervalued at this point is currently DWM, am I missing something here?....also, I understand that DWM will spud a new hole in California in about two weeks, double of reasons to buy, on the other hand, TSY and CDD are basically shell companies beyond the tarpon-1 exploration.......what am I missing here????