OTCPK:ATGYF - Post by User
Comment by
Darilonon Oct 16, 2007 9:24pm
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Post# 13584416
RE: Lucky ole Oilexco
RE: Lucky ole OilexcoNever mind G40, Allan. He's a crazy squirrel from the Oilexco board. He's been bashing it since it was $2.00/share and imho having him post on your message board is a good omen if you believe in such things.
Antrim looks to me to be a great little investment. If they produce 20k barrels/day from Causeway that should give them a $15+/share value based on conservative cash flow multiples and $80/barrel oil. The Argentina properties don't look to me to be as attractive but are still an asset to AEN. The only question I have long term is how they will keep production up after Causeway is producing. A year or so later they should start to see declines and replacement production will need to be found. Still, even without further North Sea finds I would expect to see AEN hit the $15 level inside a year or two.