Saw this online on another posting
posted on
Jan 29, 2010 10:03AM
Developing large acreage positions of unconventional and conventional oil and gas resources
I saw this on a google alert on Falcon --
I didn't get the email from Kip Herriage of Wealth Masters International -- but saw it posted.
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http://www.pbnation.com/showthread.php?p=64552931
Although I should Not be Sharing this information. I am sure all the PBnation Members here will enjoy.
This is a personal E-mail I receieved from Kip Herriage as part of my personal subscription through a $20 000 membership with Wealth Masters International
Enjoy!
Kip Herriage
Editor, Vertical Research Advisory, LLC
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STOCK OF THE DECADE, PART TWO
JAN 18, 2010
Since recommending Falcon Oil and Gas as my _stock of the decade_ on
January 4th I've received more calls and emails than ever before about
a single recommendation. Most of the emails seem to be asking for
clarification about the strength of my conviction. In other words,
"Kip, do you really feel this strongly about Falcon...or is this just
ad copy?"
Maybe this will help. Over a year ago I put out a strong buy
recommendation on Ivanhoe Mines, and I pounded the table on update
after update, recommending that VRA subscribers buy the stock before
the rest of the world woke up to the opportunity. I know that many (if
not most) of you acted on this recommendation, and the result has been
a significant increase in the size of your portfolio.
With Falcon, I would be dishonest with you if I didn't recommend it
even more aggressively than I did Ivanhoe over a year ago. This is
specifically why I named it my "stock of the decade". Think about it
from this point of view; Falcon is currently trading at less than 20
cents/share, which gives it a market cap of about $100 million. Back
in 2006-2007, at its peak, Falcon traded as high as $7/share and had a
market cap of more than $3 billion...it also had average daily trading
volume of greater than 10 million shares per day.
AND FALCON IS MORE VALUABLE TODAY THAN EVER...
What I particularly like about Falcon right now is this; In addition
to their Hungarian oil and gas properties and the several hundred
million dollar joint venture that they have with ExxonMobil, they now
have a 7 million acre concession in Australia; one that top
engineering firm Ryder Scott estimates could contain 19 billion
barrels of oil and more than 60 trillion cubic feet of natural gas.
THESE ARE NOT JUST WORLD CLASS PROPERTIES, THEY ARE WORLD CLASS TIMES
100. Simply put, it is almost unheard of that a company the size of
Falcon could end up with not one, but TWO, world class oil and gas
concessions. And incredibly...Marc Bruner (founder) is not done yet.
Additional acquisitions are in the works now.
So...in answer to many of your questions...let me say this. Having
researched the oil and gas industry for close to 25 years I believe
that Falcon is as undervalued as any energy company I have ever
followed. I will take it a step further and say that it is likely the
most undervalued stock I have ever seen...period. OVER THE NEXT 1-3
MONTHS I LOOK FOR AS MANY AS 5 MAJOR ANNOUNCEMENTS THAT COULD RESULT
IN THE STOCK PRICE HITTING $1/SHARE...OR A 500% INCREASE FROM CURRENT
PRICES. Following that I look for Falcons share price to continue
climbing (rapidly) for many years to come. And for those that own
PETROHUNTER ENERGY (PHUN), don't forget that it controls 25% of
Falcons Australian properties. At just 3 cents/share, PetroHunter
looks incredibly cheap as well.
Hopefully this update helps. The bottom line is that Falcon should
be a core holding in your portfolio for years to come.
Kip