North West Oil Group, Inc. (NWOL)

[texas tom]

I am in one such situation now with a public company going private. The rights of minority shareholders are protected. NWOL would have to release financial statements to show their financial condition before offering the T/O. The Book value of NWOL is somewhere between $5 to 7.50/share. This is at least the value of their subsidiaries. I would be a disenting shareholder if such amount was offered to me.

In 2009, NWOL should realize about $41 million in net income. This is from present operations + net income from the Marbella hotel. This assumes there are no further hotel acquisitions, no development of existing oil fields, no further diversification into aircraft, etc. Book value should increase to $20 to $25/share. Net income at $3.35/share. This excludes the restricted shares held by one person.