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Wednesday, January 03, 2007 8:22:56 AM
Well we all know that this year will bring millions of barrels of black gold to our fledging exploration company, whether they sell on open market or sub out to a major partner matters not. Even at todays low price our stock should reach for the stars.
2007 Overview
The joint exploration contracts within the south of the US should hit fruition soon and allow more cashflow for further enhancement of the Alaska prospects. Remeber guys, the big gun in the TNEN armoury is the fact that they believe Alaska to be the big payday, the only reason they are drilling elsewhere is to bring in cashflow to operate at what is described as a field big enough to provide enough Oil & Gas to the US for the next 200 years.
China is a bigger consumer of Oil & Gas each and every day and the fact that the Chinese economy shows no sign of letting up is another indicator that in order to control the US global deficit (and hence able to remain an economic as well as military superpower) more reliance needs to be put on using US commodity deposits rather than imports. The global trade imbalance and continued War on Terror means that the US deficit will increase apace unless the governemnet actively promotes drilling and operations in Alaska and pulls in those tax dollars to help oil the wheels of the nation (excuse the pun).
In short, this stock looks as good as ever and I believe strongly in TNEN.
Good luck to you all.
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