GREY:ARWJF - Post by User
Post by
SoliDeoGloriaon Oct 02, 2012 2:39am
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Post# 20436213
A post from Bob Moriarty from Sept. 19
A post from Bob Moriarty from Sept. 19TER: Any Canadian companies you like?
BM: I like all the Canadian ones. Because they produce natural gas, they're selling at irrationally low prices, but I expect them to recover. The new normal is much higher prices for energy. If you accept that, you can buy them at any price, hold them five or 10 years, and take your profits.
TER: What will it take to push Aroway Energy Inc. (ARW:TSX.V; ARWJF:OTCQX) up to the $1–1.20 range, where you've indicated it should be trading?
BM: Aroway has done very well, and done everything it said it would do in terms of adding resources, but the market clobbered it because it was skewed to natural gas. It's a good company, it's well run, it's increasing its production 50% per year. It went up to $0.90+ but then back down. I was buying Aroway at $0.30/share. I don't think you could go wrong where it is now, $0.55–0.60/share, either.
https://www.forexpros.com/analysis/bob-moriarty:-finding-massively-undervalued-energy-stocks-in-today's-136906