OTCPK:AETLF - Post by User
Comment by
Bobwinson Jun 13, 2007 12:26pm
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Post# 12936605
RE: tower creek
RE: tower creekI think AEI has bottomed. Tower Creek is too close and where else can you find a stock that is selling for a market cap of $18,000 per flowing barrel. I project c/f of .05 for Q3 which annualizes to .20 or about 2 X current price. Nobody that isn't going bankrupt is that cheap.
Addition of Tower Creek should balance out production nicely and increase netbacks.
Egypt was a long shot that has hurt the company so far. I think that the reaction has been overdone. This company has solid cashflow and will be well over 2,000boepd in weeks.
Bobwins