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Prudent Capitalist

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Prudent Capitalist

Re: MENACE206 post# 4776

Tuesday, 01/17/2017 2:40:56 PM

Tuesday, January 17, 2017 2:40:56 PM

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Agree. Very oversold and undervalued down here. ESES was hit hard by tax loss selling late in the year, and is now being held back, IMO, by the perception that its full-fledged ramp-up in the Argentina unconventional market has been pushed back to 2018, as noted by Credit Suisse in its most recent Analyst Report on 11/14/16: "Looking to a 2018 Inflection; 2017 a Transition" wherein it maintained its Outperform rating, but reduced its Target Price on ESES from $5 to $4.
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