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researcher59

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Re: cliffvb post# 24597

Wednesday, 10/05/2005 11:37:28 AM

Wednesday, October 05, 2005 11:37:28 AM

Post# of 173859
cliffvb: EDGE is not that cheap based on PV10 of reserves. There are 18M shares, so $250M/18M = $13.88. That's before taxes. Of course gas prices have doubled since the start of year, and the valuation all depends on where you think gas prices are heading ....

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