Sintana Energy Inc (SEUSF): An Oversold Opportunity? Zodiac Explora...

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Thursday, 10/24/2013 12:24:58 AM

Thursday, October 24, 2013 12:24:58 AM

An Oversold Opportunity?
Zodiac Exploration underfollowed, oversold, ready to pop

Stockhouse.com | 5 hours ago
Peter Epstein thinks Zodiac is a nice play as it looks for US listing.
By Peter Epstein, Special contributor

Zodiac Exploration (V.ZEX, Stock Forum) traded higher today, up 15% to 7.5 cents, on 3x normal trading volume. Word is definitely spreading about this oversold, underfollowed, misunderstood Venture Exchange-traded stock. Zodiac has zero debt and $17M in cash, equal to about $0.05/share. The company controls 71,000 net acres of highly prospective oil properties in California's highly prospective San Joaquin basin. The icing on the cake is that Zodiac has tax pools that are conservatively worth $0.04 per share. Therefore, the per-share value of the company's cash and tax pools are worth more than the current stock price, and investors still get 71,000 net acres for free.

http://thetradersdigest.blogspot.ca/2013/08/an-oversold-opportunity.html