Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
"Oil prices could be $500 a barrel within three to five years," warned senior energy advisor Dr. Robert Hirsch. "The reason is we're limited by geology... there just isn't that much oil out there. We need to produce three to four million barrels of new oil each year just to stay even (to offset the decline in older fields)."
Think Hirsch's $500/barrel oil is a pipedream? Then consider the political turmoil in Nigeria, Iran and Angola... all powder kegs that could explode at any moment, immediately cutting off millions of barrels of daily supply.
Imagine EENR after 2 to 3 years.
EENR having tough time since last couple of weeks..
It seems the market is gonna close like this only with no volumes to trade upon.
Exterra Energy – Highlights
Management Team - Established, Proven, Experienced and Successful.
Barnett Shale natural gas play is the largest gas field in Texas – over 95% of all
wells drilled resulting in gas being produced.
Energy prices are high and are expected to be sustained or go higher.
Over 90 successful Barnett Shale wells drilled and participated in since 2001.
Immediate significant revenue increase possible - 7 well bores drilled; ready
for frac stimulation & completion (scheduled and currently underway). This is a
strong factor and could indicate a major driving force to push the stock price.
Plans for significant growth in 2008 and beyond.
Bosque County acreage that is ripe for growth
– could support 50 wells or more.
Numerous acreage acquisition opportunities available through existing
partnerships with companies such as Carrizo Oil & Gas, Inc. (NASDAQ –
“CRZO”)
Major and large independent Exploration & Production companies expanding
asset base in the Barnett Shale (all potential buyout options).
Can any body tell if I wanna purchase some volumes this weekend for eenr where can I get it? As there are no volumes shown here.
HJ: you've thrown light on a nice report.
Guess what most of the investors and the analyst are quite bullish on Oil and Gas Sector.
Lets what Jhon has got for EENR... watch out..now...
Visit the same on Predicting Oil Prices: The Shortage Is In The Facts
http://www.exterraenergyinc.com/i/pdf/EENRArticle1MG.pdf
Exterra Energy Inc. is an oil and gas acquisition, exploration and development company with an established, experienced and successful management team. Led by Mr. Ray Ledesma, this management team has successfully exploited oil and gas opportunities in the Newark East Barnett Shale gas field of North Texas for the past six years. Mr. Ledesma's predecessor company, Star of Texas Energy Services, Inc. was the 39th largest producer out of 110 companies in the Barnett Shale in 2006. Exterra is combining the experience and success of its dynamic management team with solid assets in the Barnett Shale to position it for immediate growth.
This company is not flashy nor do they generate big
numbers. But lately they had a good gross profit and are
slowly moving in a positive direction.
Today if seen, the crude price has rised a little bit and reached $110.
EENR is having a tough time due to uncertainity in crude prices.
Why Exterra Energy?
EENR has significant property under contract in the prime are of the Barnett Shale are compared to similar companies.
Based on market cap, trading volume and revenue the stock is significantly under valued.
Company has proven history and experience in the oil and gas business and there is an expectation that small cap oil stocks will rise with the latest energy crisis.
EENR is a prime target for acquisition or for expansion due to their acres under contract.
Thats very nice, would help a lot.
Thanks JT. Take care.
Randy
Add request here for EENR chart request on stockcharts
http://stockcharts.com/help/doku.php?id=support:feedback:symbol_request
Can you could refine your research i belive in a better format. Though all know EENR is not having enough volume to talk about but tommorow or any day you would see good positive building up.
EENR could drive in some energy it seems with such a wonderful report floating.
Wonderful report Juan. Could come to know about the company in a better way.
The company has revenue and they are slowly moving in
a positive direction. The company is slowly making
progress and after drilling numerous wells for oil and gas
they are starting to see some results.
The company has 2 major developments in Texas that it is
working which are the Barnett Shale region and the
University Lands region.
Thanks Mr. Moderator. Please comment on your research and the expectation of the reports.
Nice post jaun,....I hadn't seen thar report before, but had heard read similar info before.
thanks.
Randy
EENR as expected turned into green today, giving a smiling weekend.
Crude is expected to remain under pressure for a couple of weeks. Lets c hos EENR will react.
Watch for a wonder full report on EENR @ http://www.globalmarketplay.com/reports/EENR.pdf
I feel that the crude will still remain down only, its may be related to the US elections also.
The crude price has affected the gold market also, the gold market was increasing this week but today it stood stable with a low price.
The sudden fall in crude price is becoming common in the weekends as being observed since last 3 weeks.
Todays' reason of fall is clear, a sudden fall in crude prices.
Stock being in red is a sign to pick and can expect some decent returns in a couple of days.
Buy at dips is always a good opporutnity and so is today.
What say? Deal ya no deal today? I am thinking of purchasing a lot today at around 0.08 or 0.09, can I get it?
The red mark is quite high today but its good also one can purchase the stock at a lower price.
I've been wondering the same thing. :)
Can expect something tommorow seeing the crude price marching ahead.
The dollar is haveing a good hold nowadays, may be this can be the reason for crude being at this low.
Until I know the dollars price in the market against other currencies is incereasing.
Low volumes makes it difficult to take a call on trading strategy. Watch out.
Someone has sold 500 share on the day when nobody has shown good interests. Rather it is equivalent to no on trading it.
It seems along with energy all the stocks have gone for a holiday.
Is it that the weekend is stretched this much no movement in the market itself.
Followers
|
4
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
426
|
Created
|
08/09/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |