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Mike2112

01/24/06 4:09 PM

#10680 RE: monkeyfrog #10679

Hey instead of hinting on stuff (or as you say.... kinda wondering...), why not just post what you know for everyone to see and come to their own conclusions....What is the point in dangling stuff???

Yes Mr. Burge is in o&g sector, owns a couple pipelines also.....

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cash2go

01/24/06 8:21 PM

#10686 RE: monkeyfrog #10679

monkey - Progas is a joke, BUT

The hyper pumps try to link value to 190 million in evenues and try to ignore the value is in margins (less than 1% I think)lol.
What got most in this one were the pits and the trucking. A recent article I read talked about basic materials are up 25% partly due to Katrina. In the Katrina are could be greater.

Fade back and remember 9 years ago a 300 million dollar value was put on the pits assets. Nine years later give them a 400 million dollar value before Katrina. After Katrina the 25% increase (conservative for actual ground zero) would mean 100 million in pure profit. But allowing for exaggeration keep the value at 450 million.
PBLS should have at least 150 million in profits locked up in the egg Katrina laid. If PBLS wants to play nice they should have collected quite a load from trading shares and put the 150 in stockholders hands.

Yet, nothing can be verified. Why wouldn't a pump & dump shop exploit the core news and give us a rocket to ride