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grizzy

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grizzy

Re: mac44 post# 3614

Tuesday, 11/15/2005 12:55:07 PM

Tuesday, November 15, 2005 12:55:07 PM

Post# of 79921
below .30 (as in thirty cents). If you add up the reserves estimates, and now the yearly revenues, that should put Phoenix's net worth above $2/share. $720M oil reserves, one year of revenues, $910M. If they retire 100M shares that leaves the stock price at $2.50+. Below .3 is a steal...below $1 is a great deal, and below $1.50 is plain cheap.

I am completely drugged because of my allergies today, so forgive any craziness that may have surfaced in my posts....

IMO
"A one that is not cold is scarcely a one at all" --Strongbad

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