www.nettime.org
Nettime mailing list archives

[Nettime-bold] The Stock Info that You Wanted
Momentum Researcher on Tue, 30 Apr 2002 20:55:03 +0200 (CEST)


[Date Prev] [Date Next] [Thread Prev] [Thread Next] [Date Index] [Thread Index]

[Nettime-bold] The Stock Info that You Wanted


Title: April 2002
April 2002 (Late Edition)
Vector Energy: OTCBB: VECT
The Momentum ResearcherTM
For the Investor who rides the volume.
News Update: Vector Energy Corporation is an Acquisition Target

Vector’s Spectacular Performance Continues to make it a Great Buy!  Trading 76% Below Book! 

VECTOR ENERGY – OTCBB: VECT
Price Target: $0.50-$0.75
Symbol: VECT Book Value per share: $0.25
Shares Outstanding: 41,501,449
Market Cap: $3,112,609
52 Week High/Low: $0.29 - $0.03

TMR has written about Vector Energy Corporation (VECT) for some time and it has already paid off.  Vector climbed from $0.04 per share to $0.12 per share.  Vector traded recently at $0.075 per share and TMR looks for Vector to climb back to the $0.15 to $0.20 per share range since Vector will be reducing its secured debt. Vector will potentially reduce all of its secured debt of almost $3 million this coming year and has just found another $1.2 million of annual revenue from its Bateman Lake field. The momentum investor can ride the volume on a spectacular performer for the next 6 to 12 months.

ABOUT THE COMPANY

Vector Energy Corporation is a Houston based oil and gas company primarily involved in the acquisition, development, and production of natural gas and crude oil. The Company owns or has substantial interest in various onshore wells located in Texas, Louisiana, and Oklahoma including an offshore property in the Mustang Island area with an estimated 15bcf of net proved reserves.

REASONS TO OWN THE STOCK

The Momentum Researcher  likes VECT for these reasons:

Vector will bring in $935,000 to $1.3 million cash from auctioning some of its producing properties in Gregg & Harrison Counties in Texas and Claiborne Parish, Louisiana.  The auction, to be held on April 30, 2002, will further assist debt reduction. Because of Vector’s debt reduction plan, its secured lender has extended Vector’s debt for an additional two months and reduced its amortization schedule.

The Mideast crisis has created an uncertainty about the supply of Arab oil therefore increasing oil prices.  Combined with a rebound in the economy, increased factory production and a decline in the huge storage reserves of gas, oil and gas prices are rebounding and expected to stay firm over the next 12 to 18 months.

Vector has tested its Bateman Lake Number 22 well and results indicate 3,379 psi with over 6,000 feet of oil in the tubing.  The well is expected to produce 200 barrels of oil and 500 Mcf of gas per day.  At current prices this will add $200,000 of revenue per month.

Vector is reducing its debt.  Vector will potentially add approximately $3 million to reducing all of its secured debt this year through:

    1. A workover program that will add a potential $2.5 million of revenue by reworking 4 wells in the Bateman Lake Field, St. Mary’s Parish, LA.
    2. $2.65 million in production payments from the sale of Vector’s interest in the Westbrook and Elder fields.
    3. An auction of some of Vector’s mature producing properties bringing in at least $935,000.

Vector is following its 2002 strategy of reducing debt, improving cash flow and making acquisitions of oil and gas properties.  The market believes Vector’s strategy is working as shown by the significant increase in Vector’s stock price.

INVESTMENT CONSIDERATION

TMR sees that Vector is becoming a stronger target to be acquired.    Vector’s stock value already is building fast. Vector’s focus on reducing debt, increasing cash flow, reworking productive properties and making more acquisitions for 2002 is working. With its stock trading way below book value and its debt reduction plan, TMR conservatively targets a price per share for Vector in the $0.50 to $0.75 range long term and of $0.15 to $0.20 in the short term range. Investors, ride the volume now!

 

The Momentum Researcher is an independent research service. This news release is based on independent analysis but also relies on information supplied by sources believed to be reliable. This report may not be the opinion of Vector Energy Corporation management. The Momentum Researcher has been paid a fee of $1,000.00. The Momentum Researcher does not buy or sell Vector Energy Corporation common shares in the open market nor does it hold or own any Vector Energy Corporation common or preferred shares. The information contained in this report is not intended to be, and shall not constitute, an offer to sell or solicitation of any offer to buy any security. It is intended for information only. Some statements may contain so-called “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by Vector or on its behalf. These forward-looking statements are not historical facts, but reflect current expectations, estimates and projections. Although The Momentum Researcher and Vector Energy Corporation believe that these expectations, estimates and projections are based on reasonable assumptions, no assurance is given that these goals will be achieved. Many factors could cause actual results to differ. Investors should consult with their Investment Advisor concerning any stock transaction. It is not an offer to buy or sell anything. A toll-free removal line is provided for legal compliance. Copyright 2002 Ó The Momentum Researcher All Rights Reserved.  You may contact The Momentum Researcher at info {AT} momentumresearcher.com.

_______________________________________________ Nettime-bold mailing list Nettime-bold {AT} nettime.org http://amsterdam.nettime.org/cgi-bin/mailman/listinfo/nettime-bold