Value Microcaps Junior Energy

[Ed Ajootian]

Bob, Saratoga (SARA) -- given that only about 11% of their revenue is being generated by the sale of gas I'm a bit befuddled why so many folks are focusing on that part of their business. This is an oil company that sells a bit of gas as a byproduct of its oil. The gas revenue partially offsets the company's production costs.

The Acadia well which is expected to spud in January should increase their production by about 10% or so.

Folks who may have passed on this name previously due to insufficient trading activity should look at volume in the last month or so -- it's increased dramatically thanks to the April PP shares hitting the float. Due primarily to this fact I like the stock more now than I ever have, and would be buying it aggressively here if I didn't already have as large a position in it as I do.