Bill Harris, CFA Milagro Energy Inc MIG-T BUY Mar 21, 2005

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.

Bill Harris, CFA

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$1.550

Stock price when the opinion was issued

oil gas

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WEAK BUY

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.

TOP PICK

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.

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Bill Harris, CFA Milagro Energy Inc MIG-T BUY Mar 21, 2005

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Milagro Energy Inc(MIG-T)

Milagro Energy Inc(MIG-T)

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