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

To: Paul Senior who wrote (51633)	5/27/2013 6:22:49 AM
From: valuedude	Read Replies (1) \| Respond to of 78644

thanks for your comments. FYI, Michael Irwin whor runs ABC funds is a good value investor in Canada who owns INA. His website is www.abcfunds.ca if you wanna check it out. GL, valuedude

To: Paul Senior who wrote (51633)	5/27/2013 3:22:35 PM
From: E_K_S	1 Recommendation Respond to of 78644

Iona Energy Inc. (IONAF) -OTC Markets Still in this one from my buy 3/28/2012 @ $0.50/share. I like your analysis at least the conclusion that it is selling at a 50% discount to it's flowing No. of barrel's valuation. FWIW, I bought into this one because when/if they can establish several producing wells, they have potential to bring their Natural Gas into the vast network of North Sea under water pipelines that can easily be hooked into for the delivery. I was quite surprised to learn that this network of underwater pipelines is quite large and many of the producers share their pipelines (for a small transport fee) w/ other producers. Therefore, the small player (including IONAF) can easily transport their gas to the shore even though they are out miles in the North Sea. There are several Canadian and/or U.S. shale producers,that own acreage that is not near a ng gathering network. It can become very expensive for them to delivery their resource to the nearest pipeline gateway. Also, if the can hook into a local gathering network, the price for Canadian and/or U.S. NG is at a historical low price now (about $4.00/mcf), making profit margins tight. Some still lose money at $4.00/mcf so it is very difficult to be profitable especially if you are a high cost producer. Compare this price to North Sea delivered NG as high as $14.00/mcf, just makes the risk/reward for me a better bet than going w/ a US and/or Canadian producer at this time. If IONAF now has a few more producing wells since my last buy, it may be time to add a few more share. I have tended to go w/ the larger integrated oil companies recently and BP is one of the larger NG players I like too. EKS

To: Paul Senior who wrote (51633)	11/7/2013 5:29:24 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78644

With the market down 152 (Dow) and oil stocks down with it, I took it as a chance to add more shares of Iona Energy. Company seems to be in a position where they are now pulling up oil, enough so that analysts say IONAF can likely self-fund their production operations for oil they expect to extract from their new fields in 2015 and 2016. This might bring production from about 4k boepd to maybe 17k. I am looking for 7500 bopd by end of next year-- that would make Iona very cheap (on an enterprise per flowing barrel basis and perhaps cash-flow/share basis) using current stock price. So I am expecting the stock to move up in the coming 12 months. I have a full position in INA.v/IONA, and I continue to add shares at current price. ----------- I reentered Boardwalk Pipeline Partners LP for a few initial shares. finance.yahoo.com