Allenergy Inc. (ALRY)

[jcrom56]

A4A...just my humble opinion, but I think the best thing to do if you want to take a pot shot at a valuation is to use the Total Authorized. In other words assume full dilution out of the gate. With an O&G play of any size, if they were letting their neighbors see their hand I would not have much confidence that they can negotiate leases for the best possible price. I have a relative in Atlanta who made millions riding into an area dressed like me in a modest vehicle and buying property that he later developed shopping centers on. The difference on making or losing money on a given project had a lot to do with how he first rode into town. The reason being that the land owners idea of the value of their land was based entirely on their assessment at first glance of uncle Jim's outward appearance. The less a lease costs ALRY, the more money YOU will make if things go well. It all comes down to whether we think the company wants to sell oil or paper. I learned a lot from uncle Jim. He said never get a real estate license...if you do, you are required to tell people up front that you are a realtor. He said anyone can buy and sell and develop land. If that's your game, a real estate license will cost you a lot of money.