Thomas Sidwell

Red Flags at Transmeridian Exploration

I totally see that argument's validity, and I was extremely bullish on TMY before this takeover by Oliver. A takeover by anyone else and I would say money in the bank. As far as I know from press releases, this is a completely legit oil field, and management is just so incompetent that it is unable to unlock its true value. Credit markets now are so incredibly tight, that I don't see a bank loaning to Oliver. If had made this bid even before subprime, I wouldnt have been estatic, but I think it would have passed

I really don't see a flip happening, mostly because he would be hit with a lawsuit. If (when) the financing falls through and the stock plummets, this will be back on my radar. For now, I wouldn't pay more than 1.35, ($1.69 fair value and a 20% margin of saftey).

If your looking at RIG, take a look at Helmerich & Payne (SYMBOL HP), I think they are the best in the biz. just my $.02

Transmeridian to Benefit From Changing Oil Regimes

This is a complete copy of my Transmeridian Exploration: Attractive E&P Player From Kazakhstan. Get this off the site NOW.