High Plains Gas, Inc.(fka HPGS)

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Stupidly undervalued when their product costs more to produce than the revenue it generates?

$39 million in assets? Seriously? HPGS owns an old field whose daily production has a very low output. *May be lucky the output is low due to the fact it costs more to produce the gas than it sells for.

Was in Casper WY this week. Spoke with a guy that told me of a small natural gas/oil producer (Not HPGS). The company we were discussing has NO WHERE to send its gas. Storage facilities are starting to turn away small companies to keep room for the large producers.

As far as the Miller deal- I think it stands a chance to generate a profit. What is their max gross this yr? $12 million?

One thing about it- I don't think you will have any trouble buying all the shares you want. Sells on the bid fill a lot slower than buys on the bid.