TSXV:TLC.P - Post by User
Post by
SlumdogMillionaireon Nov 15, 2011 5:40pm
302 Views
Post# 19239662
I'm in
I'm inJust bought a modest position in ACG for the following reasons:
1) A decent amount of insider buying lately
2) Healthy balance sheet and good amount of cash
3) Very low share price and trading below book value
4) Oil prices are remaining strong, even though there are economic uncertainties around
5) Promising oil real estate
6) THE WORLD CONSUMES OIL LIKE IT'S GOING OUT OF STYLE.
The upside on this one is extremely tempting at these prices and the downside in my eyes in very limited. The stock is only trading at 2x cash value for goodness sake.
GLTA!