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Microcap & Penny Stocks : Benz Energy (BZG.V) -- Ignore unavailable to you. Want to Upgrade?


To: JAS who wrote (14)10/22/1998 6:42:00 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 272
 
Response to John from Canadian O&G Thread:

We're talkin' about the FACT that the company is just weeks away from getting to total depth on the first of two development wells which could easily DOUBLE the company's production (ie figures).

Please note that if Strain liked the stock at $3.50 and also liked the stock at $.60, maybe he likes the stock. Please note that maybe he likes the stock at $1.10 even. I get Strain's faxes and he has been wrong plenty of times before (especially it seems on his Canadian picks) but if you see his latest report he makes an awfully compelling case for Benz.

Had the time and checked the insider sales. I see a former director and companies who I believe are related to him selliing, that's it. What am I missing?



To: JAS who wrote (14)10/22/1998 8:39:00 PM
From: Ed Ajootian  Respond to of 272
 
JAS,

Can't quite decifer the #'s but it all sounds pretty good.

Isn't this mind-boggling that the stock virtually doubles in a day, and then basically doesn't give back a goddam penny from the breakout close? This is violating all of the laws of nature for the VSE. Something special is going on here.

As far as I know no news is due out for at least a couple of weeks. And they still have yet to drill through the primary zones of interest in the next well. Where is this turkey gonna go if they get some massive gas kicks when the drilling resumes next week?!!!

Note: this next well (the Howell) is _updip to the exploratory well they hit here earlier (so the chance of hitting water is slim to none).