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This deal IS good news. This means that there are folks out there (besides us) that see the low-hanging fruit this company represents and are willing to put their money up to have the chance to grab more.
The last financial report valued our shares around $1.90CDN and we've been trading well below that for some time. In a normal situation, most gas & oil stocks trade at a value of 3-5 times their P/E ratio. ROL, under normal trading volumes, should approach this in the not to distant future. This means that, as of today, we're probably at least $3-$5 below a normal trading range.
The investors putting up the $8 million know this and will be patient until ROL is back on everyone's radar screen and starts trading for what it's really worth. If there was a time to back the truck up, now is it, IMO. (If you can find enough sellers at this price that is)
JR
Hey Kanzler,
Thanks for all your updates and stuff. I got the Raging Bull board switched over from San Telmo last Summer, but there's not much going on there, either.
This stock does have tremendous upside potential. We have to get some of the "funds" interested and to do that, the Company has to start getting the word out. They have been doing better than the last group, however, and I'm thinking it won't be much longer!
Keep it up! JR
Hi Moon!
The Raging Bull board is well, but not very alive. Here's the board address: OTCF:RTHXF Sometimes you have to enter it a couple of times since it's a Canadian exchange. It doesn't display the current volumes or price, either. Another good spot to look is the Pink Sheets site. You can find it at www.pinksheets.com/quote/quote.jsp?symbol=RTHXF At least it is listed in US dollars and the news is fairly current.
I'm looking for this puppy to show some life later this year once we start getting some positive results from the summer drilling program.
Good luck, and let's keep hoping for that trip to the moon!
JR
Rolling Thunder has been assigned a message board on Raging Bull now. Actually, they converted the STUOF board over to RTHXF. Looks like we're in another holding pattern for now until something new shakes out. It didn't take the RT Board long to vote themselves some juicy stock options already. If they keep finding oil, I suppose it will be worth it. However, just tired of getting milked all the time.
JR
Hey Moon!
Congrats! I've put in a limit for tomorrow myself for a small piece. Don't want to flood the market! You finally got your moonshot today!
JR
Thanks Jack for the release. Wonder what the market will do in the AM? It's probably premature, but at this juncture, I think we're better off this evening than we were this morning. I was sorta wondering what the recent activity was all about - guess this explains our runup.
JR
It appears they are keeping to the plan (see below). ROLA dropped about .05 today on very low volume.
Since its first full quarter of operations, Rolling Thunder has continued to add new quality prospects and farm-ins to its portfolio of opportunities. In addition to new prospects at Gold Creek, Boundary Lake, Teepee Creek and Woking, the Company drilled its first well in November 2005, participating for 50% in a bypassed pay opportunity at Legal, Alberta. Prospective zones were encountered but they were determined to be wet. Regulatory and surface access conditions at Gold Creek and Boundary Lake have delayed the anticipated fall drilling program. Rolling Thunder now expects to drill four to five wells (including Gold Creek and Boundary Lake) in late Q4 2005 and early Q1 2006.
The addition of the San Telmo drilling program will add high quality development opportunities to balance Rolling Thunder's exploration focus. With the San Telmo merger, our current and expanding base of new exploration and development opportunities, and our strong balance sheet, we believe Rolling Thunder has a solid platform for growth into the new year.
I think the combined company's assets and holdings will eventually pay off for those of us still hanging around, IMHO.
JR
You think that's been awhile?? Mine is about 15 minutes older than the Roman Empire!
Thanks for the newsletter update.
I have done a rudimentary calculation on STE based upon the following data that has been recently released:
Shares Out: 43 million
Avg $/bbl: $35.00
2005 Prod: 1000bbl/day (or equivalents)
P/E Ratio: 7.5 (Avg for Oil/Gas stocks)
This works out to about $2.20 a share if nothing else happens to make this company more attractive than it is now. I priced oil below where it is now to buffer increases in world production and/or drop in demand.
My opinion is the stock is at bargain basement prices right now, and if we do look at a takeover, management would be out of their mind to let it go for anything less than $2/share! Keep up the great posts on this board.
JR
From whom?? Osama or Patty? With Seattle firmly in control over all of us in Eastern WA, it makes you want to move to Honduras!
JR
Piranhas - thanks for the info. A lot of us could've bailed at any point from a $1 on down if we thought this was just a total scam as some have suggested in the past. Some did, and maybe we're still the suckers, but I doubt it.
I have expressed misgivings about the company in the past, and it has been mainly about the lack of PR, not about the potential production possibilities. I have really appreciated your postings and trying to keep the troops rallied around San Telmo.
I'm still sitting on my original pile, since I had invested my entire "disposable" mad money in it. I see no reason to quit now (or even at .38!). It looked good then, and it looks even better now. The possibility of 1,000 barrels a day is nothing we should sneeze at, IMHO!
Good luck, and if you or any of your group make it to the annual meeting, let us know what you learn.
JR
Let's hope all this experience isn't being used to make themselves rich and leave us stockholders holding the bag! This daily dive is getting tiresome, but not much choice now but to ride this stinker up the hill or sink along with it into the LaBrea tar pits!
I used to think Catman was a shorter plain and simple talking down STE. But he's turned out to be the prophet...
JR
Based on the shares out and PE of 15, we should be at least around $1.85 right now. This is just based on the new business, not what they had last year. So, like you say, this is a tough one to figure out. Thanks for contacting their marketing outfit and letting them know of our frustration.
JR
FYI on gas useage...
A friend of mine delivers gas in the high desert of S. Calif (Barstow, Bakersfield, San Bernidino, etc.) and he told me last night that the freeway in both directions to Las Vegas from LA is the slowest he's seen in many months. This is usually the busiest time of year on this freeway, and it's like everyone is staying put. He also says he's worried about being laid off next week for a few days because all his stations are "topped off" and aren't ordering hardly any gas. This has been going on for about a week now. This could be our first sign of a slacking off in demand for awhile.
Maybe the oil companies have reached their plateau as far as being able to hike prices and we'll see them start to fall. Time will tell. In any event, STE has a bright future here and will be able to market every drop and BTU they can produce!
JR
Still here!
Just waiting now for STE to finish doing its "thing"!
Hey Pitbull4u2 - we're way undervalued here!
JR
Pirana..
You suppose Catman is having a caniption about now?? Wonder if he sold out just before the news today?? Just goes to show what a little panic in the streets will do to people that aren't sure about what they've invested in.
JR
Calm down Catman! You may be right in your estimate of where the company is headed, but don't start in on the rest of us for Pete's sake!
It's been a nerve-wracking wait, but one that will be worth it. I imagine most of the sellers have been "stopped" out now and those on a thin margin are gone. Now with a little bit of news from the "folks" we'll be off to the races!
JR