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.

Gold/Mining/Energy : American International Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Sycamore who wrote (5293)	11/24/1997 1:34:00 PM
From: Paul R	Respond to of 11888

Robert M. Cohen upgraded AIPN from Speculative Buy to Buy!! Shortened his $10- price target to 6 months.

To: Sycamore who wrote (5293)	11/24/1997 1:34:00 PM
From: R Hamilton	Respond to of 11888

Subject: upgrade! Date: Mon, Nov 24, 1997 13:11 EST From: Amber65669 Message-id: <19971124181101.NAA29723@ladder01.news.aol.com> GREAT NECK, N.Y., Nov. 24 /PRNewswire/ -- Robert M. Cohen & Co. analyst Keith R. Bossey upgraded his rating on American International Petroleum (Nasdaq: AIPN) and shortened his $10 per share price target to six months following the company's announcement today that it signed an operational agreement with the Kazakstan government. Bossey noted, "This, we feel, is the first of a number of announcements that should make clearer AIPN's potential in the oil rich nation of Kazakstan." The signing of the government contract is a critical milestone for AIPN as any possible venture partner has all or most of the information needed for making an offer to the company, according to Bossey. In fact, the company has stated that no less than six majors are currently reviewing the company's data. "In our opinion, an agreement with an industry major could occur in a three to six month time frame," he added. Bossey concluded that in light of these recent developments "some" of the risks have been removed from an investment in AIPN stock. Many of the issues being discussed over the last few months have been finalized as the company has continued to remove any potential roadblocks standing in the way of the signing of an industry partner. SOURCE Robert M. Cohen & Co. /CONTACT: Keith R. Bossey of Robert M. Cohen & Co., 516-829-7910/ /Web site: sternco