TSXV:ART.H - Post by User
Post by
Baxter4on Oct 03, 2011 10:42am
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Post# 19111267
Alice Tsang Comment
Alice Tsang CommentThe comment below is regarding Westernzagros, but the bit about the majors trying to get into Iraq also should hold true for Vast. The market is currently valuing Vast at 8MM$ for a lease that still has a lot of potential and proven oil in tight formations. I'm surprised a major hasn't made an offer yet, unless they have at too low a price to be considered.
Just trying to spread a little sunshine on this gloomy stock. I was off Friday so didn't find out the news until yesterday, so the damage was already done. No sense selling now.
opinions of Alice Tsang :
| BUY |
|
WesternZagros Resources Ltd. |
WZR-X |
0.465 |
Really likes this stock at current levels. A lot of majors are trying to get into Iraq and costs are substantial just to buy land leases that this company already has. Significantly undervalued. Now licensed to bring on 2000 barrels of production and to exit the year at about 5000 barrels. |
2011-09-29 |