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Thursday, 10/13/2005 5:32:21 PM

Thursday, October 13, 2005 5:32:21 PM

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==>CHAR hit a low today of $3.85 from a recent high of $7.45 on concerns about Lukoil acquisition of a 66% position in its partner and majority shareholder Nelson Resources, even though this would only give Lukoil a 40% stake in CHAR...

1st Q was .10, second Q was .17 and at this rate of organic growth, I'd expect .25 for the 3rd Q, to be released around 10 of November. Earnings for the whole of 2005 will be in the .85 range, giving a share price of $8.50 at a PE of 10...

The current state of mild panic about the Lukoil deal and shorting of oil/gas stocks is an opportunity to take a position in the $4.00 range, if you missed my original call to buy at $1.94...

Target: at leat the previous high of $7.45 that also happen to be the lowest estimate on the value of CHAR's shares, based on the Lukoil offer to Nelson...


Disclaimer: Invest only what you can afford to lose with a BIG smile. Btw, I am not a registered investment advisor - DUH! - and this post should NOT be construed as investment advice or suggestion to buy or sell any security at any time.

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