Timothy J. Biebelhausen

The Norwegians Are Coming

Norse Energy has 130,000 net acres in Marcellus at a cost of ~$1000/acre, meaning Norse's acreage alone is worth almost double the current stock price. In addition they own the gas pipeline in the area and have significant operations in Brazil. There stock is vey undervalued and Pareto Securities of Oslo, Norway rates it a BUY. Pink sheet symbol NSEEF.PK

Seadrill: Finding Gold in an Oil Driller

Thanks Axebl2


On Jul 28 10:33 AM axebl2 wrote:

> Seadrill is a great company, and my #1 holding, but I recommend doing
> a little better job of fact checking as the credibility of your article
> is shaky with the following errors:
>
> "$3,500,000 Norwegian Krone" is not a valid unit of currency. Pick
> one, $, or Krone, but not both. $3,500,000 = approx 18,000,000 Norwegian
> Krone.
>
> Seadrill does NOT own a substantial position in Apexindo. They liquidated
> their entire holding in October of 2007. -> www.seadrill.com/modul...
>
>
> They did own 80% of Seawell, but their interest has been diluted
> to 73.40% as noted on page 4 of Seadrill's Q1 2008 report -> www.seadrill.com/strea...
>
>
> Finally, you omitted a key holding in Sapuracrest. As of the writing
> of your article, they owned 19.71% of the company. That many not
> meet your criteria of "substantial"... but their systematic open
> market purchases of SapuraCrest stock on over 58 days in the last
> 6 months suggests that this is far more than a short term financial
> investment.