Chancellor Group Inc (CHAG)

[falconer66a]

I own a bit under 24,000 shares of this company, from purchases back in the early decade. I've presumed them to be worthless until recently, when I started to follow the postings here and the apparently improved prospects of CHAG in the coming months and years.

Not having followed the company's information with any detail, does anyone have any considered projections on feasible share prices once the company comes out of bankruptcy? Are we looking at prices in the sub-dollar range, or eventual multi-dollar share prices?

My cost basis is $0.30 per share, but I don’t look to cash out and break even when the bid hits thirty cents. Given that this is an oil company, with proven production capacity, I’d like to set a much higher selling target. I can wait as long as it might take.

So, where will CHAG be, say, this summer, next winter, and in the near-term years to come? Some intelligently presented numbers would be interesting, but more interesting (and perhaps the basis of some near-term purchases while still in the pennies) would be some projected production numbers.

All of this is, of course, speculation. But for those who closely follow this company, aren’t there now reasons to either hold ones shares, or purchase some new ones with moderate amounts of discretionary funds?

My thanks to those who might wish to post their projections, and the reasons behind them.

–Falconer66a