Apparently, oil and gas in the ground is worth next to nothing. At least that's what short sellers of BreitBurn Energy Partners (NASDAQ: BBEP ) would have you believe after saying the company's units are worth as little as two dollars apiece. Here's the thing: Simple math shows that this isn't the case at all.
Before we get to that, a little background is in order. This attack is really just a continuation by the same short-sale firm that's been trying to take down LINN Energy (NASDAQ: LINE ) and LinnCo (NASDAQ: LNCO ) . This company has gone on to say that BreitBurn is really just LINN Energy junior and that its distribution is "largely a mirage." The problem is that, other than the fact that it's just plain false, it's not giving BreitBurn much of any credit for the oil and gas it has in the ground. Those reserves are�what matters most if you were to value the firm. That's why for base value the company's third-party-verified reserves are used, which total an estimated 149.4 million barrels of oil equivalent and are spread around the nation, as shown in the following map:
Top 5 High Tech Companies To Buy For 2014: Sapiens International Corporation N.V.(SPNS)
Sapiens International Corporation N.V. provides software solutions for the insurance industry primarily in North America, Europe, Israel, and the Asia Pacific. The company offers solutions for the property and casualty (P&C)/general insurance, as well as life, pension, and annuity markets. Its products include RapidSure, a component-based software solution used for general, personal, and commercial lines of businesses, including homeowners, fleet insurance, and specialty lines insurance products; IDIT, a component based software solution that addresses the needs of general insurance carriers for traditional insurance, direct insurance, banc assurance, and brokers markets; Insight for Reinsurance, a solution to handle P&C/general reinsurance activities of general insurance carriers and brokers; and Insight for P&C, a software solution for P&C carriers to support legacy solutions. The company?s products also comprise ALIS, a software solution for individual, group, and work site life and pension insurance products; eMerge, a rules-based model-driven architecture that enables the creation of enterprise applications with little or no coding using agile methodologies; and Decision, a business decision management solution developed for the financial services market, including mortgage banks, investment banks, and insurers. In addition, it provides implementation and integration services; custom-made IT solutions that assists organizations to meet its business challenges; and legacy modernization solution, mobile application solution, and application delivery services. Sapiens International Corporation sells its products and services through various distribution channels, which include direct sales force, system integrators, and distributors. The company was founded in 1982 and is headquartered in Rehovot, Israel. As of January 27, 2012, Sapiens International Corp. NV operates as a subsidiary of Formula Systems (1985) Ltd.
Top 5 High Tech Companies To Buy For 2014: Ocean Power Technologies Inc.(OPTT)
Ocean Power Technologies, Inc. engages in the development and commercialization of proprietary systems that generate electricity by harnessing the renewable energy of ocean waves primarily in North America, Europe, Asia, and Australia. The company offers utility PowerBuoy system to supply electricity to a local or regional electric power grid; and autonomous PowerBuoy system that is designed to generate power for use independent of the power grid in remote locations. Its autonomous PowerBuoy system is also used in various applications, including homeland security, off-shore oil and gas platforms, aquaculture, and ocean-based communication and data gathering, such as tsunami warnings. The company sells its products to public utilities, independent power producers, and other governmental entities and agencies, as well as public and private entities that use electricity in and near the ocean. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Penn ington, New Jersey.
Advisors' Opinion:- [By Konrad Kuhn]
Ocean Power Technologies (OPTT) is a pioneer in wave energy technology that harnesses ocean wave resources, to generate clean and environmentally-beneficial electricity.
- [By Lisa Levin]
Ocean Power Technologies (NASDAQ: OPTT) surged 23.89% to $2.80 in the pre-market session after the company received a $2.6 million contract from Mitsui Engineering & Shipbuilding Co.
Top 5 Canadian Companies To Buy For 2014: China Nuokang Bio-Pharmaceutical Inc.(NKBP)
China Nuokang Bio-Pharmaceutical Inc., a biopharmaceutical company, engages in the research, development, manufacture, marketing, and sale of hospital-based medical products in the People?s Republic of China. The company?s principal products include Baquting, a hemocoagulase product derived from Bothrops atrox venom to treat and prevent bleeding; and Kaitong, a lipid emulsion alprostadil product for the treatment of peripheral vascular diseases, cardiocerebral microcirculation disorders, and post-surgery thrombosis. It also offers Aiduo, a cardiovascular stress imaging agent; and Aiwen, an anti-arrhythmic agent for the diagnosis and treatment of paroxysmal supraventricular tachycardia, as well as provides dipyridamole aspirin capsules for the prevention of strokes. In addition, the company?s products under development comprise a hemocoagulase derived from Agkistrodon acutus snake venom; lanthanum polystyrene sulfonate product candidate for the treatment of hyperphosphat emia; and adenosine as a myocardial protection agent for various cardiovascular-related clinical settings. Further, its product pipeline includes product candidates under development that address the medical needs for bleeding control and hematological, cardiovascular, and cerebrovascular disease diagnosis, treatment, and prevention. It sells its products to pharmaceutical distributors. China Nuokang Bio-Pharmaceutical Inc. was founded in 1997 and is based in Shenyang, the People?s Republic of China.
Top 5 High Tech Companies To Buy For 2014: Renasant Corporation(RNST)
Renasant Corporation operates as the bank holding company for the Renasant Bank that provides various financial and insurance services to retail and commercial customers. The company offers checking accounts, money market accounts, savings accounts, certificates of deposit, time deposits, individual retirement accounts, and health savings accounts. It also provides commercial, financial, and agricultural loans; construction loans, including loans for the construction of single family residential properties, multi-family properties, and commercial projects; residential mortgage loans; home equity loans or lines of credit; consumer loans; and equipment leasing, as well as safe deposit and night depository facilities. In addition, the company offers various fiduciary services; and administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates. Further, the company provides annuities, mutual funds, and other investment ser vices through a third party broker-dealer. Additionally, the company offers commercial and personal insurance products through carriers. As of October 21, 2011, it operated approximately 75 banking, mortgage, financial services, and insurance offices in Mississippi, Tennessee, Alabama, and Georgia. The company was founded in 1904 and is based in Tupelo, Mississippi.
Advisors' Opinion:- [By Monica Gerson]
Renasant (NASDAQ: RNST) is expected to post its Q3 earnings at $0.31 per share on revenue of $60.87 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Top 5 High Tech Companies To Buy For 2014: Imperial resources, Inc.(IPRC)
Imperial resources, Inc., through its subsidiary, Imperial Oil & Gas Inc., engages in the exploration and development of oil and gas assets in the onshore United States. It holds a 14.9% working interest in the oil, gas, and mineral leases in the Greater Garwood hydrocarbon exploration project, which covers an area of approximately 2,244 acres and is located in Colorado County, Texas. The company also has agreements to acquire 50% working interest in Chisholm Trail Prospect in Oklahoma; and a majority participation interest in a salt water disposal well. Imperial resources, Inc. was founded in 2007 and is based in Austin, Texas.
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