North West Oil Group, Inc. (NWOL)

[leebret]

How ridiculous is this:

Just in this one deal worth 350 million in cash, is twice the market cap of entire company. Someone thinks a lot more of NorthWest/Nord than the market does. The market gives the value at 180 million. Isn't that pathetic? So they where able to borrow twice what the market says they are worth.

Sooner of later the value and worth always converge. I mean think about it. There isn't even any consideration for all the other assets. The market often gets it wrong. That's certainly the case here. Some what to make a few pennies and run. That's just short sighted if not down right idiotic. Who would loan 350 million to a company considered worthless? What do they know that some shareholders don't. Good things are coming in abundance and we will be rewarded, use some common sense! Forget the share price it will converge with the value, it's the law.

MOSCOW, Jun 21, 2006 (MARKET WIRE via COMTEX) -- NDOL/North-West Oil Group (PINKSHEETS: NDOL) announced today that it has won the tender for the acquisition of the Magma Oil fields. The battle for the tender included major international oil companies, however, North-West Oil Group came up on top.

According to the company, now that the tender has been won, negotiations are well underway to conclude the transaction for the Magma Oil Fields estimated at approximately USD $350 million, in an all cash transaction.