Peter Linder
Milagro Energy Inc
MIG-T
TOP PICK
Oct 17, 2003
Very low risk. Just tied in 6/7 oil wells in southwest Saskatchewan. Drilling some successful natural gas wells in east central Alberta. Have established a new core area in west central Alberta. If successful, it could be a $5 stock.
Did a private placement For 13.5 million shares that gave the stock a boost. 2nd quarter results show a revenue increase of 60%, but from a low base. Production is small. Have been accumulating properties to drill. Risk/reward is low.
Had a pretty good start a couple of years agol and then stumbled a bit. It now looks like they've pulled it together. Great asset base and good management. Slightly undervalued. They have the ability to grow the company.