Jean-Francois Tardif
Rally Energy Corp
RAL-T
BUY
Aug 07, 2007
Subject of a takeover right now at $7.30. He was hoping a takeover would happen in 2008 at around $10. There is a chance another bidder will come in. Likes the odds that the price will be higher one way or another.
As a group, energy stocks and making a comeback. In a strong uptrend and has gone parabolic. This leads to a spike top and if you own, use a stop/loss.
Not behaving like most of the energy stocks. Watch the low that it just put in and watch for a rally and if it breaks that, that is a selling point. See if it rallies back to a new high. Use a 50-day chart.
There has been some good activity in the oil/gas sector recently. The recent weakness in the stock may be a sign that there is something underneath the surface. If you own, consider taking some profit.
Gas in Pakistan and heavy oil in Egypt. Concerned about the political risk from Pakistan. The project in Egypt probably has a couple of more $’s upside, but would put no value on Pakistan.
Have a brand new gas project in Pakistan and a heavy oil project in Egypt. In the latter, they have 2 projects, one is a thermal to extract oil by heat and the other is an expansion of their west Issaran project. Still has room to grow.
Being taken over. There is an offer in for it from middle east interests for $7.30, so there is $.25 arbitrage to the closing date. Would rather have stocks with more impact from drilling. If you own, delivered in to the takeover.
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