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TriOil Resources Ltd TRIAF

Energy Oil & Gas E&P


GREY:TRIAF - Post by User

TriOil Resources Ltd > Coming on board
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Comment by Steelhead15on May 23, 2013 12:52pm
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Post# 21432507

RE: RE: RE: Coming on board

RE: RE: RE: Coming on board

Ragety, I agree the stock is undervalued now. I'd like to see 4.25 but imagine 4.00 tops. Most likely a 30% premium.

This company has derisked oil and nat gas. Oil is lower end bbl/d. I'd see an intermediate co. being the suitor. I'm not sure on the tax benefit, but assume that would be an issue.

We could also see a venture partner interested in cash return on a loan/JV.

Either way, this is a strong junior based on what is left out there. I have a hard time seeing this company continuing as is.

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