Buffalo Oil (BFO)
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Posted: Saturday Nov 3 7:54:17AM 2007
Interestingly, Bruce Mitchell was buying the same day that results were released.
Nov 02/07 Oct 31/07 Mitchell, Bruce Direct Ownership Common Shares 10 - Acquisition in the public market 334,900 $1.210
Posted: Sunday Sep 16 8:44:46AM 2007
This raises an interesting question because the amalgamation with Choice Resources is actually being accounted for as a reverse takeover by Choice Resources. Thus the 2007 financial results will actually be the Choice results before the merger and the amalgamated company thereafter. Since Choice had a year-end of February 28 and filed its Q1 numbers at the end of July does that mean that Buffalo Resources is not required to file Q2 numbers until the end of September? I will have to do some more investigating.
Posted: Saturday Sep 15 7:04:26PM 2007
Well, Bruce Mitchell is back buying up shares of BFR.
Buffalo Resources Corp. (BFR) As of September 14th, 2007
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Sep 14/07 Sep 14/07 Mitchell, Bruce Direct Ownership Common Shares 10 - Acquisition in the public market 181,300 $1.220
Posted: Thursday May 10 9:25:13AM 2007
BFO.v +.13 to C$1.66. Only 25K traded but nice bump. CZE.v is even at .74 with 171K traded. $1.66 X .474= .79 so theoretically you can buy BFO.v cheap by buying CZE.v at .74 but BFO price is thin and volatile. You could buy cze at .74 and BFO could drop to 1.53 in a heartbeat. Bobwins
Posted: Monday Apr 30 1:40:28PM 2007
Is it coincidence that Choice Resources (CZE) is also halted?
Posted: Monday Apr 30 11:14:45AM 2007
now halted. Tried to call before the halt but got an answering machine. Bobwins
Posted: Monday Apr 30 9:34:16AM 2007
...now make that up $0.17 to $1.94...
Posted: Thursday Apr 5 5:50:37PM 2007
Bought a few shares of BFO today. I liked what I saw at the smallcap conference. Excellent record of increasing production. They are mixing no brainer, shoot fish in the barrel heavy oil drilling(100%) with higher risk projects. They report no problems with refinery capacity for heavy oil as pipelines opened last year to US refineries.
BFO.v seems to be moving off the bottom so will nibble here and there as funds become available.
Posted: Saturday Mar 31 7:49:04AM 2007
Bruce Mitchell, whoever he may, has continued his buying spree of BFO this year to date:
Mar 20/07 Mar 16/07 Mitchell, Bruce 10 - Acquisition in the public market Common Shares 245,400 $1.620
Feb 16/07 Feb 16/07 Mitchell, Bruce 10 - Acquisition in the public market Common Shares 119,700 $1.650
Feb 09/07 Feb 09/07 Mitchell, Bruce 10 - Acquisition in the public market Common Shares 309,100 $1.730
Posted: Wednesday Jan 3 7:40:01PM 2007
Bruce Mitchell (insider in many cos.) that Tara posted about in the past recently (Dec. 22) purchased 21 800 shares at $1.73. This is in addition to the 2 051 611 shares (10.25% of BFO) that he held beforehand.
Posted: Sunday Dec 17 5:48:02PM 2006
TERA it!s true that BFO will suffer some dillution but that does not necessarily mean that cash flow per share will decrease. It all depends on how sucessfully management deployes the capital. Bassed on last year!S results I would not bet against management. One thing that I like about BFO is that they have money in the bank when most juniors have much to much debt. With the tanking of the nat gas price some companies are going to have their credit lines cut. When this happens they will have to cut their capex or else issue equity at very low prices. BFO will not be faced with this problem.
Posted: Friday Dec 15 4:03:40AM 2006
Production is primarily heavy oil, hence the discount.