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cl001

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cl001

Re: crk post# 2730

Friday, 05/16/2008 5:03:34 PM

Friday, May 16, 2008 5:03:34 PM

Post# of 17739
POE.v/POEFF.pk
This is my favorite oil play now. I have been loading it up almost daily, including today. There are quite a few catalysts coming in the next a few weeks I am betting for APTG type of movement.
1. Earning report. POE set to report Q1 earning in the next two weeks. The nice thing about it is that its partner already reported. http://www.carnarvon.com.au/docs/March%202008%20ASX%20Quarterly%20ReportCONSOLIDATED.pdf
From the report, we can easily calculate: POE rev is going to be around 40 million, cashflow about 27 million, or 60c/share. The earning will be about 30-40c depends on if the company writes down anything and adds additional future tax. The analyst is estimating only 11c. This could be another ATPG type of earning report.
2. The next well to report. L44H-D2, is right next to the 4000bpd well L44H-D1. If we have another monster well here, the stock could have a huge pop.
3. The next two wells after are NS3-D1 ST and NS8-D1 ST. They are the first horizontal wells in this area. I have high hopes on these two.

Note the current POE production is about 7000 bpd. If they hit another 4000 bpd well, it will increase the production by 50%. I wouldn't be surprised to see a big jump in the stock price. There are a lot of money on the sideline. These type of news move the stocks in addition to the earning.

Buy cheap, undiscovered stocks!

Disclosure: I usually own the stocks I post the most. The more I discuss, the more shares I own. Do you own DD before placing the trades.
Please post stock symbols first in all your posts.

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