TXCO, (kipp440)...Looks like TXCO has excellent long term potential based just on their interest in the Maverick Basin Tar Sands alone! Just my opinion and I'm not an expert on evaluating these kinds of companies, but there were a couple of comments made in the recent EnerCom presentation that REALLY caught my ear...
Re: TXCO's Maverick Basin Tar Sands interest...
- "...it's already well known, this oil is moveable, this oil is recoverable, and it's recoverable at a high percent..."
- Two pilot programs currently underway.
- "...none of this is marked in our price of our stock at the present time and what we're doing." Over the last year, 6 tar sands sales that have gone on for non-producing assets have averaged close to $1 a barrel Canadian, which is just about $1 a barrel U.S, per barrel in the ground. - NET to TXCO, we have between 2 and 3 BILLION barrels of tar net to us. It's a VERY significant value to our shareholders, that as soon as the production starts coming from these pilots that we're doing, we think that our stock will appreciate significantly over that time.
TXCO...The more I look at this company, the more I like it. Here are 4 write-ups on TXCO (all from Minyanville.com), that are very much worth reading IMO. TXCO looks to have HUGE upside potential, with not much downside risk... (The write-ups are listed in the order they were written)...
Also, here's a Q&A from TXCO's 4/3/07 cc regarding the Maverick Basin tar sand pilots...
Caller...'Ok, so you have room for literally thousands of wells if this works?' TXCO...'It will be thousands, no question. And it will be several of these 10.000 barrel a day pilots at one time.' http://www.videonewswire.com/event.asp?id=38729
There are risks involved, but the upside potential seems absolutely huge compared to the downside IMO.