CBM: Majors Will Be Knocking on the Door

The Energy Report with Marin Katusa (03/04/2010)
TER: Any other stocks that fit your pattern of good stocks that are undervalued?

MK: CBM Asia Development Corp. is a company we really like. We bought a lot of it in our Alert Service for our subscribers and ourselves personally. We bought it at 30 cents in a private placement, and then actually went into the market and followed our own advice after giving our subscribers three days’ head lead, when we bought a lot of stock under 25 cents.

This is an example of a company that the stock came free trading, and there was overselling. This is exactly the type of market that you want to go and take advantage of that type of opportunity. CBM Asia is drilling in Indonesia, within 30 kilometers of the second-largest liquefaction plant in the world. The company has the potential of being one of the largest land owners in the Kutai Basin, and I can’t overemphasize how strategic this land play is.

TER: Why is that so important?

MK: Land ownership is very fractional in the oil and gas sector, and if CBM Asia can consolidate and become one of the larger land holders in the Kutai Basin, I have no doubt you will see a major company from Japan, or the French, or maybe even some of the U.S. majors knocking on the door because of the multi-billions of dollars of infrastructure sitting there. View Entire Article: Marin Katusa: Winning the Game with Zero-Risk Capital

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