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WestFire Energy Ltd T.WFE



TSX:WFE - Post by User

Post by can1on Jun 22, 2012 5:12pm
245 Views
Post# 20045976

Tough market

Tough market

 I tend to agree that its a buyers market for companies.  Next week is loaded with key financial & economic data from europe and the states. That will set the tone for the market.  Oil is under pressure for sure.  Value is relevant at this stage.  With oil below $80/bbl the value of Westfire follows. So $7.50 is a good offer. The underlying value might be higher but the market pays for future earnings.  I'm out at $7.00-$8.00....even $6.50  A gain in this market is a huge victory. Try owning Niko (Nko) or Bankers (Bnk)   You would be sending westfire management scotch&cigars for keeping the process intact.

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