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

To: Brinks who wrote (49468)	9/18/2012 4:51:14 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78462

PetroFrontier (PFRRF): I am slowly adding to my few shares. In my view, since it's all speculative at this stage -- company has control of lots of Australian land but hasn't found shale oil -- the stock could drop as well as rise. Maybe more likely drop. So no hurry to buy the stock. Otoh, that insiders are buying now, that may signal the stock is low enough for small speculators (i.e. me) to purchase shares. I like that Heritage is a buyer of the stock. I've done okay following CEO Buckingham as he made and capitalized on his first-mover foray into Africa. Its Kurdistan operation though has been a disappointment so far. I still have some HTGLF shares which I intend to continue to hold. I like that Statoil is a partner with Petrofrontier. STO is pretty aggressive for a big oil company in going into new areas, and with going into Australia through PetroFrontier, it should/could bring needed capital and expertise. (I'm also a holder of STO.) finance.yahoo.com