TXCO has 2-3 BILLION barrels of reserves. Canadian tar sands reserves are selling for a buck a barrel. TXCO market cap is $400,000 and worth every penny based on business EXCLUDING tar sands potential. If these test wells flow like they should the headlines will read "Billion Barrel Oil Find in Texas!"
And as if the tar sands aren't enough, 2morrow points out the fact that EnCana is predicting the "Pearsall shale will be the next Barnett Shale play".
If there was ever a low risk investment that could change zip codes I proclaim this to be it.
All of that said, the stock has not moved much, WHAT AM I MISSING??????
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