I like the price to book ratio of 2.8 very very cheap. !!!!It...

I like the price to book ratio of 2.8 very very cheap. !!!!

It wont be long now !!!!!

Samson Oil & Gas (AMEX: SSN )

Increased production in the Bakken shale and higher price realizations ensured fantastic growth for this small cap. Revenues grew 106% to $5.9 million in the last fiscal year. Samson has focused more on liquids with oil production up by 106% to 64,000 barrels of oil. With more than 90% of existing reserves already developed, future cost of development should be a problem. Additionally, the company's recent success in the promising Niobrara shale should fuel growth for the next few years. With a healthy cash balance of $58 million, it leaves ample room for further expansion. In short, this company's properties are on the sweet spots.

However, what's more interesting is the stock's current valuation. It's probably the cheapest Bakken stock with a price-to-book ratio of 2.8. And with no debt to show on its balance sheet, the valuation looks very attractive.

Add Samson Oil & Gas to your watchlist.

GL Matsim

http://www.fool.com/investing/general/2011/11/01/are-these-oil-stock-buyouts.aspx?source=itxsitmot0000001&lidx=2