Web Site : http://www.petrolatinaenergy.com


SUMMARY of PELE as of 24th Jan 2008, please see post 190 on page 10


Link to Page 10 of posts

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I make that an sp around 100p and a pe of about 4, that would be nice, or maybe it's wishfull thinking.
2517

Well, its correct, fair value is around 100p.........

That should also be the target of any takeover offer.

It certainly looks like the pipeline is going to be a cash cow for a long time to come.
2517

It does indeed.

6m a year revenue, pretty much fixed from 2008 onwards. That alone would be worth around 36m $ if you sold it, based on 6 times revenues (EG the pipeline alone is worth more than the market cap of PELE at the moment)

You can listen to Greg Smith (the Chairman) speak about PELE on the link below, this was from Tuesday of this week.

http://homepage.ntlworld.com/susan.shirley1/tu/pic/PELEup.wav

Is the price being forced down to encourage buying, or are they letting institutions in.

Looking strong, and still at this level very undervalued.

As always, value will out, so just a case of being patient.

From AFN :

blackbear - 21 Dec'06 - 11:52 - 885 of 885

Robin Amlo from Moneyextra.com speaks of Petrolatina on winnifred T.V , another bullish analyst with more credibility than most.

Small Audio file

http://homepage.ntlworld.com/susan.shirley1/tu/pic/robinamlo.pele.wav

Hi PP.

I see you have an interest in here, normally I would look deeply at this because of your interest but this has been heavily ramped on many threads by some idiot on ADVFN.

I therefore abstain.

If anything needs to be ramped so much, there has to be an ulterior motive or reason, and I deduce the unramped ones bear the research you are obviously doing here.

I think the ramping has been a very big turn off over there.

You must have seen it and despair?

Hi PP, from t1ps - EK's diary. Simon C has had a recent telephone conversation with Greg Smith, is re-assured and remains long, as do I. :-)

Thanks silvermede.


Do not forget to get your 5 top picks for 2007 into the Stock Challenge competition.

Link below, click on the "Entry Form" tab, and then "2007 Annual"

http://www.stockchallenge.co.uk/sc/index.htm


Happy New Year to All

Hi again PP, just seen your link for silvermede about stockchallenge. Hope you dont mind, but I'd never seen or heard of this before, so I've used it and entered both Jan 2007 plus annual 2007 for a bit of fun.

oilrag, its a fun competition, free to enter and with a prize for the winner, so welcome to playing that.

I normally do crap on it, as the spreads I have to make up on the monthly challenge can be challenging (sometimes its best to pick stocks with a minimal spread percentage on the monthly competition). However, hoping for a good run this 2007 competition.

PP, Thanks have entered the 2007 Annual Comp. Good Luck & Happy New Year!

Hi, PP and silvermede, just checked on stock challenge and unless people use different handles for these comps then we are the only three names that I recognise. There are 350 entries in the annual one and 200 in the January one. Good luck to you both, What do you think your prospects are with your entries?

Hi oilyrag, nice to see PELE start with a bit of blue.

I am hopeful this year, but of course, anything can happen, including wars and market meltdowns, so at this stage best not to make any predictions :)

Thanks to PP I also have entered the annual 2007 stock challenge.
2517

Well, we should all remember at this stage that the Atzam-2 workover was the most likely to fail of the three (being Atzam-2 workover first and then Tortugas-4 and Tortugas-5 still to come).

So while the price may be rising in anticipation of news, there is a good chance the news coming will be of failure at Atzam-2 ( however of course it could be news thats its been a success, which would transform the outlook of PELE somewhat ).

Hi all, as the song goes, it aint where you start, its where you finish. Some large spreads to overcome but then we must all be fairly confident for the rest of the year in our selections. PP, you and I have three out of the five selections identical.
We must have similar portfolios and targets in mind.