GBR WILL RECORD $7.63 EPS GAIN ON BOOKS!!
This company has huge cash and no debt already on their books. This $16 million gain is HUGE! Company is WAY undervalued. Belongs at least at $10. Share count is only 1.9 million shares outstanding!!!!!!!!!!
CabelTel Sells Mineral Interests For $16M Cash
DOW JONES NEWSWIRES
CabelTel International Corp. (GBR) sold mineral interest leasehold rights and other interests to an unrelated third party for $16 million cash.
The Dallas-based company will net about $14.5 million after taxes from the sale in the Fayetteville Shale area of Arkansas.
CabelTel was trading at $5.15 a share, up $1.64, or 47%, early Thursday.
-Guy Kipp; 201-938-5400; AskNewswires@dowjones.com
> Dow Jones Newswires
05-14-08 1028ET
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