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Archive for the ‘Aspen Exploration Corporation (OTC:ASPN)’ Category

Clarification on ASPN dividend

Posted in Aspen Exploration Corporation (OTC:ASPN), Stocks, Tymothi O. Tombar, tagged , on November 20, 2009 | 4 Comments »

Aspen Exploration Corporation (OTC:ASPN) took the unusual step several days ago of making a second announcement regarding the payment of a cash dividend of $0.73 per share to stockholders of record on November 16, 2009. The company initially announced that the dividend would be payable to stockholders of record on November 16, 2009, with the [...]

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ASPN announces distribution of cash proceeds from Venoco sale

Posted in Activist Investors, Aspen Exploration Corporation (OTC:ASPN), Greenbackd Portfolio, Liquidation Value, Stocks, Tymothi O. Tombar, tagged , , , on November 5, 2009 | 15 Comments »

Aspen Exploration Corporation (OTC:ASPN) has announced that it will pay a cash dividend of $0.73 per share to stockholders of record on November 16, 2009 from the proceeds of the sale of its California oil and gas assets to Venoco, Inc. $0.73 per share represents $5.3M, which is just over the mid-point of the $5.0M [...]

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ASPN files notice of meeting; includes proposal to give directors authority to liquidate

Posted in Aspen Exploration Corporation (OTC:ASPN), Net Net Stocks, Stocks, tagged , , on October 12, 2009 | 2 Comments »

Aspen Exploration Corporation (OTC:ASPN) has filed its definitive proxy statement for its November 30, 2009 general meeting and included is a proposal seeking authority for ASPN’s board of directors to dissolve the company We’ve been following ASPN (see our ASPN post archive) because it’s trading at a discount to its $1.17 per share liquidation value [...]

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Aspen Exploration Corporation (OTC:ASPN)

Posted in Activist Investors, Aspen Exploration Corporation (OTC:ASPN), Stocks, Tymothi O. Tombar, tagged , , , , on October 1, 2009 | 3 Comments »

We’re adding Aspen Exploration Corporation (OTC:ASPN) to the Greenbackd Portfolio for the reasons identified by MCN1 in his September 3 guest post. ASPN closed yesterday at $0.985, giving it a market capitalization of just $7.2M. We estimate the liquidation value to be around 20% higher at $8.5M or $1.17 per share. Again, not a huge [...]

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Guest Post: Aspen Exploration Corporation (OTC:ASPN)

Posted in Aspen Exploration Corporation (OTC:ASPN), Net Cash Stocks, Net Net Stocks, tagged , , on September 3, 2009 | 12 Comments »

We were going to stay away until after Labor Day, but this is too good to miss. From reader MCN1 on Aspen Exploration Corporation (OTC:ASPN): Company Name: Aspen Exploration Corporation Ticker: ASPN Market Cap: $6.53M (as of 9/2/09) Stock Price: $0.90 (as of 9/2/09) Company Overview: Aspen Exploration Corporation is engaged in the exploration and [...]

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