OTCPK:AETLF - Post by User
Post by
sumosalaron Apr 02, 2010 1:49am
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Post# 16951549
From David Pescod's Late Edition
From David Pescod's Late Edition
ARSENAL ENERGY (T-AEI)
.92 +0.08 One of the cheapies that analyst Kevin Shaw of Wellington West follows and has big hopes for is Arsenal Energy, a small company that looks like over the next few weeks is going to be quite timely.
Today Shaw tells us not to forget about Arsenal because it is one of those juniors that is over 75% oil (remember natural gas prices are holding down an awful lot of oil and gas stocks) and Arsenal, he points out, "is currently doing about 2400 barrels a day equivalent, but has three high impact deep North Dakota Bakken/Three Forks wells drilling as we speak".
Shaw suggested " Initial results will be coming within weeks" and he points out "Horizontals in this area (i.e. either on the same lands or right next door) have come on at anywhere from 800 bopd to ~3500bopd...those are big wells". Ya I think so!
He suggests that "Arsenal stock should be well over $1 currently with a 2010 NAVPS of $1.86+" and he points out that "it currently trades at a mere 3x 2011 cashflow.
For Shaw’s latest update on Arsenal and Enterra, email Debbie @ debbie_lewis@canaccord.com