TriOil Resources Ltd TRIAF

discount to NAV is very large for junior

[shambano1]

NAV is over 5 and that's without the latest drilling, so I would consider on the list of potential takeouts, low float and zero debt, and large land position in a cardium oil play with rising oil production.
It makes no sense why we are trading this low even with the risk of world recession, oil has recovered for dropping last week and things are more stable.
I'm betting Trioil will not make it past the 2011 without a buy-out, the assets value makes to corelation to the SP or market cap.
mind you with the low float this is hard to play, it's up and down, DYODD

[Troyahorse]

SHAMBANO: You make the list of famus people with your post being named by Stockhouse in an article on Canatex inside trading. Canadian regulators imposed sanctions on the former officer and employees of Canext for illegal insider trading in shares of the oil and gas company, which merged last year with TriOil Resources Ltd. (TSX: V.TOL, Stock Forum).TriOil has clearly been a poor investment for

[shambano1]

TroyhorseI'm not a big TA investor and every time I invest based on TA I typically lose in the S/T.I believe my average price for TOL is around 2.30-2.50 range last time I checked, and I think it can be worth over 3 with continued good results in their oil programs.Lochend needs more confirmation on the type curve for most of their wells and they have hedge some of their oil production for