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To
OTC Journal Members:
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Energy Power
Systems Limited (OTC BB: EYPSF) In the News |
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Shareholders of Energy Power should
be excited by the recent price performance. The stock had pulled back to
a low of $2.10 at the end of July, and today has regained the $3
level.
Scott Fraser, author and publisher
of the Natural Contrarian Financial Newsletter recently issued
an "Open Buy Window" on Energy Power Systems with a $6 price
target this year based on a number of factors.
The stock has appreciated 42% during
the month of August, and if Mr. Fraser's observations on the company
are correct, we are destined for much higher levels.
In a recently published book authored
by Scott Fraser entitled "Win Before You Buy Inside the Stock
Market", he chronicles the history of Pennaco Energy, a company
he recommended in July of 1998 at $4 while the stock was trading
on the OTC Bulletin Board under the symbol PNEG. Based on
the performance of this recommendation it is not surprising investors are
willing to act on his recommendation of Energy Power.
After an initial surge of 40% to
$5.60,
Pennaco pulled back to $2.50 for the next six months. The
company completed the process of making the transition to the
American
Stock Exchange in April of 1999, and the stock hit
$8.75 (up
118% in nine months) on its first day of trading on the
AMEX.
By July of 1999, one year after releasing
his initial recommendation and after the company had graduated to a listing
on the AMEX, the stock was trading at $11.50, up 187%
from the initial recommendation.
Pennaco, which started on
the Bulletin Board under the symbol PNEG, graduated to the AMEX
and
traded under the symbol PN, and was eventually bought out by Marathon
Oil at $19.
Scott Fraser, the OTC Journal,
and the management of Energy Power anticipate the stock will obtain
its AMEX listing before the end of the year, and this will have
a positive effect on the price of the stock. If you like this company,
please
continue to accumulate the stock.
We contacted Mr. Fraser, and
were given permission to reprint his initial market advisory. More detailed
information will follow in the near future. Here is the complete text for
your review:
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Scott S. Fraser
Interim Flash Market Advisory
26 August 2001; market closed (The
last advisory was broadcast on 8/9/01)
Energy
Power Systems’ share price to move higher as stock crosses threshold to
senior exchange listing
Bulletin Board transition stocks
Energy Power Systems (EYPSF OTC-BB):
$2.70 X $2.76
Our buying window on EYPSF is now
open. Refer to the template on page 64 of your Win Before You Buy strategy
manual. The signaling announcement has already been made and our
incremental Contrarian buying begins now. The success of Engineering
Power System’s formally submitted application for a listing on the American
Stock Exchange is backed by the company’s pre-qualified status. I
expect to see the company entering the new calendar year with its shares
listed within the immensely more liquid trading environment of this senior
exchange. Although Engineering Power Systems has been elevating its
net tangible asset value at a triple digit rate during the trailing 12
months, the major mutual funds and institutional asset managers have not
been able to pursue a sizeable share position because of the company’s
bulletin-board listing. This mandated prohibition is going to be
lifted to our profitable advantage. Between now and the calendar
year-end, the expanding recognition of EYPSF as an upwardly mobile commodity
will attract a steadily increasing influx of preemptive institutional buying
power. I recommend that you front-run this pending pursuit of EYPSF
stock by accumulating your share position at current levels.
Additional market interest will be
generated as Energy Power Systems issues the results of its extensive oil
and gas-drilling program on its Sibbald, Alberta properties through the
end of October. I plan on issuing my detailed analysis in late September.
This stock situation has all the vital attributes that brought us seven-fold
profits on Pennaco Energy (formerly PN Amex). We also bought this
stock below $3 before its elevation from the bulletin board and before
its massively successful gas-drilling campaign in the Powder River Basin.
The pay-off for our strategic discipline arrived when Marathon Oil acquired
our Pennaco position for $19 per share.
I recommend that your initial EYPSF
share positions be established at the $3.00 level. Profits should
be taken at the $6 level before the calendar year-end. Your template
on Bulletin-Board transition stocks and the supporting chapter in Win Before
You Buy will provide additional specific buy-hold-sell guidance.
Information is obtained from sources
believed to be reliable, but cannot be guaranteed as to its accuracy or
completeness. From time to time, the author and members of his staff
may hold long or short positions in the securities mentioned. The
objective of this newsletter is to provide insightful commentary and to
promote the Contrarian investment strategy. No statement or expression
of opinion, or any other matter herein, directly or indirectly, is an offer
or the solicitation of an offer to buy or sell the securities mentioned.
Readers should not view this publication as offering personalized legal
or investment advice, and must individually determine the suitability of
investments discussed for inclusion in their own portfolio. Reprints or
redistribution of this copyrighted material is allowed only by written
permission from Contrarian Press LLC.
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A quick reminder- This Wednesday's
edition will have the final in our four part interview series with Geoff
Genovese, President of Envoy Communications.
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