GeoGlobal Resources, Inc. (AMEX:GGR)
The Company is engaged, through its subsidiaries and joint ventures in which it is a participant, in the exploration for and development of oil and natural gas reserves.
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sara and mira licence are going to be very positive !!
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Seven times more administration cost than sales. No debt and oodles of cash. These guys are living off their cash. Not been profitable in 4 years. Gimme a break.
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2011/2012 buy early in 2010
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GGR has systemically been shorted well below true market value. Now it's partner (GSPC) & major % holder in key gas & oil blocks it i snot in itsinterest to see GGR undervalued (impacts valuation of their ipo). Comined with 3 plays of
1 KG Offshore (relevant to prior discussion)
2. KG onshore with OIL
3. Rajastan play
GGR will certainly be tenfold higher in price within next 2 years!
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Caps has the P/E here pegged at 142.50 ....I'm not sure these guys have any "E" in them.
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stats geek
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GGRRRREEEAAAT!
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Not much to like.
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I'm thinking the recent increase was due to excessive alcohol consumption during the holiday season. The party's over.
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GGR will start grow after this difficult time in markets, give it 2 months...
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Oil and gas exploration in the most prolific area of India. In a country that is growing by 7-10% over the next 10 years. Strong managment team and lucrative lease interests.
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The company is well positioned in the Indian Oil and Gas Exploration. Lean company, no debt, technical expertise, portfolio of exploration properties, links with government owned players, excellent board of directors, pure play, several discoveries, plan to list on the TSE once their revenue stream is up and running, very cheap price, quality investors, CEO has a track record, etc. etc. Buy low and don't sell.
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This company is developing oil and gas production in India, an emerging economy with a ravenous energy appetite. As long as the beaurocratic hurdles don't strangle them to death this should be an easy winner.
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own 5% of largest natural gas find in india and unexpected oil find. founder and ceo is the same guy that found the gas for niko
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This is a purely speculative stock. All key financial stats. are scary.
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Keep your hand off the stop-loss button with this one...the MM drop this one 8% just to make sure everyone is awake...everyone needs a oil/gas stock. Don't they?
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GGR is sitting on a boat load of "estimated" reserves already. Once those reserves are proven this will take off. It also has great potential for more gas/oil strikes in it's other exploration blocks.
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