TSXV:ABS.H - Post by User
Comment by
dukemanon Mar 17, 2008 1:38pm
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Post# 14734283
RE: TAE a longterm oil play
RE: TAE a longterm oil playStill early to guess at where the stock will be trading at 12 months from now.Timing a stock or the market is tricky,look at todays meltdown in the North American markets,shear panic selling.Things change day to day and it doesn't seem to get any better.Oil and gold on the otherhand is heading up and continues to hit new highs.I'm looking at 5-6 cents as fair value today for TAE and who knows where the stock will be (6-12 months).If oil prices continue to remain high and TAE & ODE are successfull at taking these new wells into production,it would be safe to say that TAE will be trading at much higher prices a year from now.