ea837 wrote:
> If logic prevails, this little company should do well. The value of
> the stock is largely dependent on this company's continued exploration
> successes. Doing the math is important here, particularly if oil
> scales back in price. Emotional buying and selling of this stock could
> temporarily distort it's immediate stock price but it is the
> development of BPZ's assets as a result of the drilling program that
> will lead to potential and  significant price increases to it the
> stock value. Paying close attention to empirical data such as DST data
> and drilling results should guide the serious investor when evaluating
> the real value of this company... even in relation to the price of
> crude. In short, it is not necessarily the recent price of oil alone
> that will determine how high this company can go, but how much in the
> ground asset growth this company produces that will be the real
> determining factor as to how high it's stock price will rise.
> The company meeting is in 8 days, and your question about their
> potential interest in the new leases is a good one. I also would like
> to know where direct and indirect expenses are headed so we can gain a
> clearer picture of the earnings potential in 09 and 10 based on known
> production. Looks like $1 million a day may not be an unrealistic
> revenue projection, even at $80 a barrel.
> Personally, I can see $2 EPS in 09...anybody care to provide a
> multiple? At 25 times we are looking at a $50 stock price.