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Re: Bobwins post# 1883

Sunday, 01/16/2005 3:30:33 PM

Sunday, January 16, 2005 3:30:33 PM

Post# of 173975
Bobwins:

I've seen so many posts on TGA that I dd'd and bought some.
It seems to me that there is oil up the wazoo in Yemen and that is where they should focus their exploration. If the price of a barrel gets pricey enough, my guess is that they'll come up with a Plan B to move the excess oil they could pull up.

What I am reading into your post is that TGA might hit $10-12 next year. This assumes a pe of around 10-12 on earnings of $1 and a barrel of oil going for the bargain price of $50 U.S.
Seems TGA is a fair-value microcap. Maybe I'm being too stingy with the pe.

The idea of a small outfit pumping oil out of the desert in Yemen sure sounds alluring. If oil gets really high, the Yemen things adds a little sex appeal, maybe. (Sex appeal? Forbidden in Yemen for sure) This company has me scratching my hair-challenged head.--bbotcs
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