in the $12-$15 range. We're waaaaaay underpriced at these levels and I still think a run to the old highs of a few years back isn't too much to expect. MFC's got A LOT MORE assets than they had then and a whale of a lot of new prospective and producing endeavors that are just beginning to present themselves to the bottom line. Earnings are due around the end of the month and, coupled with a Niton announcement and the additional trading operations, should make for an "interesting" news stream this month and next.
Cheez! We like this stock!
0915988 BC Ltd (OIL.L)
Oilexco Incorporated is an oil and gas exploration and production company. The Company’s producing properties and exploration activities are located in the United Kingdom Central North Sea, specifically in the Outer Moray Firth and Central Graben areas. In June 2007, oil production commenced from the Company’s first operated offshore field developments, the 100% owned Brenda and 70% owned Nicol fields. The Company has a wholly owned subsidiaries, Oilexco North Sea Limited, which is based in Aberdeen, Scotland.
From Reuters 2007
0915988 B.C. Ltd. operates as a mineral royalty and natural resource company with a focus on acquiring royalty and other interests in resource properties. The company was formerly known as ScotOil Petroleum Limited and changed its name to 0915988 B.C. Ltd. in July 2011. The company is headquartered in Vancouver, Canada.
From Blloomberg 7-2011
0915988 B.C. Ltd. Has Acquired Interest in a Mineral Royalty
VANCOUVER, British Columbia, Aug. 3, 2011 /CNW/ -- 0915988 B.C. Ltd. (the "Company") announces that it has acquired a beneficial interest in a mineral royalty respecting the Wabush mine (the "Royalty") from Terra Nova Royalty Corporation (the "Vendor") in exchange for $200 million, paid by the Company through the issuance of 12,500,000 common shares and 3,987,500,000 class A non-voting shares of the Company, at $0.05 per share. As a result of the transaction, the Vendor now holds 40.1% of the Company's outstanding common shares and all of its outstanding class A non-voting shares.
The Royalty expires in 2055. The lessor holds a direct mining lease from the Province of Newfoundland and Labrador. The Royalty provides for a minimum royalty payment of $3.25 million per annum until expiry and a base royalty rate of $1.685 per ton with escalations as defined in the underlying lease, less royalty payments of $0.22 per ton, on shipments of iron ore pellets.
Canada Newswire 8-2011