Canadian Superior Energy (SNG)

[hillzman]

Just waiting for my CHQ to convert. Conservative asset valuation for SNG would be IMO about $1.10-$1.20 after the share conversion. Warrants are all basically worthless and at present it doesn't look like any immediate need to place shares...but who knows. Its encouraging to see one of the new directors buying 50k shares open market last week. My short-term target for this is $1.10-$1.25 barring exceptional news.