Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).

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Touchstone Exploration Inc

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Post by jewel1on Mar 25, 2008 12:59pm

326 Views

Post# 14832615

Undervalued?

I think that given its earnings and potential and that I agree with Boone Pickens that oil will stay at or above(maybe a lot above)$100.00 I think that PBG is currently undervalued. Looking at StockCharts.com it seems to me that PBG bottomed on Thurs. and is on its way back up again. Twice before in January it hit new highs and then corrected. If Thurs. was a higher low then I wonder if it will make a new high again? Sentiment seems to change so quickly from day to day.

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