as it is with EME at current price 4.4, JRL is worth about $2 - significant discount prob due to the fact that the shares are in escrow till sept 2007 (hence risk of downside). if EME gets taken over by PDN (say $5), think of what JRL would be worth! PDN would need to have backing of board since Lindsey runs JRL and EME!
EME would not be easy to takeover!
as it is with EME at current price 4.4, JRL is worth about $2 -...
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