Spindletop Oil & Gas Co. (SPND)

[dizzydon]

expecting good annual #'s from Spindletop Oil&Gas

with the price of oil back up over $100 a barrel and a + $1,353,000 profit for the first 9 month's of 2011 no reason to expect otherwise..should also make for a very green start to 2012

...only reason i can think of for the low pps considering this little gem's balance sheet and steady profitability would be the fact that they're not paying a dividend..(and have stated they don't intend to)...insider's own 90% of it...apparently no actual reason to think Spindletop's an acquisition target.. ?possible concerns of them depleting all their reserve's eventually and "closing up shop" after a long run as an essentially private company with no concern's for the stock and it's price?

...SPND's average volume is counted in the hundred's,not thousand's