TriOil Resources Ltd TRIAF

No brainer at these prices

[DrillingHere]

I bought at various prices around $1.65 this morning. 90 days ago someone bought 10MM shares at $3.55. I'm a big fan of garage sales and 55% off sales like this. Someone's going to snap this one up for their oil production. It'll probably go out the door for less than NAV, but I'm guessing a double from today's price. GLTA

[ittwo]

Agreed. I bought yesterday as well.  The 100M capex has some people scared in a falling market.  That number can be revised down and the company has said as much.  They make money on every barrel, which is more than can be said for the tarsands at low oil prices.

[digger36]

Probably a little to early to the show.  Better than too late i guess ?!  ;)

[DrillingHere]

Agreed, perhaps a bit too early. That said, I bought more at $1.40 this morning. Unless I'm reading the financials incorrectly, it's now trading at 40% of NAV, with no significant debt, little volume except for the capitulators, and positive cash flow. 4-5% of my portfolio in this stock continues to be a no brainer in my estimation. We'll see what it looks like in December, if it makes

[cookster9]

This post has been removed in accordance with Community Policy

[cookster9]

This post has been removed in accordance with Community Policy

[cookster9]

This post has been removed in accordance with Community Policy