"It appears"...in other-words, what you're really trying to say is that you are just offering your OPINION and GUESSING whether or not the deal is closed. (Unless you have insider information.) I sure wouldn't waste my time on a stock I didn't like, unless I thought I could manipulate it lower so I could buy.
What money do you think they need to raise. Renfro has 480 million shares. Why would he need any more money to seal the deal. You have no facts, why do you even bother?
Rainmaker I love your post sticikied here--so from a pumper you turned a dumper? why why why?-- its a rather nice stock to own--- (in your own words earlier on ) of course ( tongue in cheek) :-D on a serious note-- where among pinkies will you find a stock of company which is producing and selling oil? JMO bro
The Rainmaker Share Sunday, April 24, 2011 2:06:01 PM Re: blademan post# 5384 Post # of 13463
Wildly undervalued at current prices according to this DD:
This gets me a .25-.30 per share price target for BRZL. During the next 12 months, the Company plans on making two to four acquisitions in the $5 million to $20 million range. It is difficult to predict exact values of properties being acquired but it is estimated with these acquisitions, the Company will reach $250 million market capitalization following the acquisitions.
BRAZOS INTERNATIONAL EXPLORATION, INC. announced the company has executed a Definitive Purchase and Sale Agreement to purchase Renfro Energy, LLC, a Dallas based independent oil company with significant oil and gas assets in Cameron Parish, Louisiana.
Cameron Parish, Louisiana contains oil reserves exceeding one million barrels based on subsurface well control and Three Dimensional Seismic data.
This Acquisition is worth over $100,000,000 in oil at the value of $100 per barrel. We are above that figure right now and heading for higher prices. The prediction is $121 per barrel within a year making the value of this property even greater.
For all the new investors thinking about jumping in, here are links to both Brazos International Exploration website and Renfro Energy website.
Some information on the future CEO if BRZL and his background.
Mr. James R. Renfro, currently Managing Member of Renfro Energy and slated to act as CEO of BRZL once the acquisition is complete, is enthusiastic about the company’s future. He states that if significant oil production and reserves are proven, access to the capital markets and third party financing sources will enable BRZL to create significant asset growth through exploitation, development, exploration, and acquisition.
Mr. Renfro has over 25 years’ experience in the oil and gas industry, has owned and managed several oil and gas companies including both private and public companies. Through his MBA from The University of Chicago and Engineering degree from the University of Kentucky, Mr. Renfro has worked for companies such as Exxon Company USA, Dean Witter Morgan Stanley, Shell Oil, and EnCap Investments. His blend of Wall Street and engineering experience has prepared him well to assume leadership of BRZL.
BRZL is a play based on DD. Shareholders of Brazos are basing their decisions on the excellent DD that's being done here and not on opinions driven by ego.
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