Pacific Asia Petroleum: Extracting Value for Shareholders
Lucas Finco submits:
Pacific Asia Petroleum, Inc. (PAP) was started by a former Texaco executive, Frank C. Ingriselli. It has taken some time, but the company is starting to make some deals and the stock has correspondingly made some significant moves to the upside. These moves have come as information about, and the execution of, the company’s plans have come to light. I believe that the stock will continue to move upward and here’s why.
The first big deal that PAP recently made was to gain a majority interest in the Oyo Oilfield in Nigeria. Although not without costs, the deal was not dilutive since the company had no previous income. The oilfield will generate income for the company.
Investing, Long Term Investment, stock market | admin March 4, 2010
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