OTCPK:ATGYF - Post by User
Comment by
CalifDreamingon Aug 29, 2011 2:21pm
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Post# 18990162
RE: RE: Art Millholland's Record
RE: RE: Art Millholland's RecordYep, Greer is dead from the arsehole both ways. No bigger slug around. But despite being horrible for investors over the last few years, AEN is decent value and finally seems about to turn the corner. North Sea is slowly seeing some activity. Argi's new land in the Neuqen could be an eye opener, but no drilling until '12.
Art is back to his old tricks - this time not leveraging up with tons of debt, merely huge dilution. Who said old dogs can't learn new tricks? Or that there is more than one way to skin (fleece) a cat (shareholders). It's go big or go home. If there weren't so many more compelling plays, I might take a flyer on XOP - made great $ on OIL (bought at $3.50 mid '07- sold at ~$13.50 in just over a year).
That said, with plays like Mart trading at 1x cash flow, CEN growing leaps and bounds and trading at 2x cf, zero reason to own spec plays at current wonky valuations (as crazy as they were at the bottom in '09).