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S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
60,944.38
(
1.05%
)
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stockmann

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stockmann

Re: mick post# 3954

Monday, 08/23/2004 12:29:24 AM

Monday, August 23, 2004 12:29:24 AM

Post# of 11715
Mick,

FPPC on their list is a great play from this price. Do some research and see what you think.

With oil prices like they are, these guys have 1 million barrels of reserves which could be valued in the ground conservatively at $10-$20 per barrel which would justify a 1.50 price or better just on reserves excluding their production. Looks like earnings could be up 250-300% just this year and the market cap is nothing. Insiders keep buying which must mean they see value.

Good luck, appreciate your thoughts.
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