King Energy (KNG)
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Posted: Tuesday Mar 1 8:21:44AM 2005
Up to $0.58...a new high!
Posted: Friday Feb 25 6:31:24PM 2005
Nice movement today (up 0.08) for anyone who, like me, got in yesterday at 0.40.
Posted: Thursday Feb 17 8:13:22PM 2005
On a cash flow basis shares appear undervalued to other juniors as they are trading at 2x annualized cash flow. Debt is also quite reasonable at 1.5 million or about 1 years cash flow. Production has increased about 400% from a year ago so it will be interesting to see how their yearend reserves report looks given the substantial increase in production. I own shares purchased at a lower level. I also found management to be quite receptive to investor calls. He can be contacted below.
Roger Giovanetto, President, King Energy Inc., telephone (403) 269-3373