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or the week after...
Yawn...I'm sure the financials are written somewhere on a bar napkin. Have faith man.
Yes. The news should come this week if not next week. If no news next week then the week following...LOL!
Maybe they are buried with Jimmy Hoffa? Find Hoffa, and you'll have your financials...
Uh...my dog ate them?
So long as Bernice from South Beach Tow doesn't show-up we should be golden.
Would be nice to set-up a conference call with investors, moderator and all that jazz.
Ditto. Bring this bad boy to the triple 0's and I'm going to load-up. This is a long-term hold.
Triple zero's would be a nice treat.
OPEC for the most part was a "wishful thinking" solution to a long-term problem in the making. Yes, OPEC cuts did have a shock on prices but at the end of the day Economics 101 prevailed and will continue to do so as long as supply and demand are out of whack. There's no way the Saudi's will continue to give up market share and see their import business drop in hopes of stabilizing the market. It's going to take a huge shock (i.e. major war) to bring this equation back into harmony.
I would much rather prefer a conference call to update investors. Maybe Jesse James can set this up.
If the possibility of a merger with a larger company was currently in the works then the filings would've been done yesterday. Big oil don't waste time in getting things done. CEGX is trying to make it on it's own merits and this will take time. That's not to say that a merger 3-5 years down the road isn't a possibility if they start turning heads.
Well if the auditors are to blame then CEGX will likely file a complaint with the New York State Board of Public Accountancy.
You've certainly mastered the art of sarcasm! and then some...
Dang it, I was hoping a Preston Hollow type of hood. Yeah that open carry deal is a bit of a nuisance in these types of situations. We have no choice but to wait for the Press Release like normal folk. :)
Did you notice any rigs in the back yard? Heck, if you happen to catch Carlisle watering his lawn maybe you should holla!
D-town back in the house!! Why don't you drive up to Frisco and check on our investment in EOI?
It's certainly a highly fluid and dynamic situation. I've never known business to be cookie cutter. Patience is a virtue as things won't happen overnight.
Certainly looking forward to the PR.
Ditto. Great post.
The stock market behaves erratically often times, without rhyme or reason. This is a long-term hold. Don't expect to line your pockets overnight.
Build in gasoline inventories caused a shock from what I read.
Great news!!
Can we expect another press release this week?
This will be a very well documented scam if indeed it is one. I don't think these gentlemen want to spend their golden years behind bars. Their business plans have been consistent throughout the years which has been to purchase distressed assets during the down turn. Everything we are seeing now is basically the second phase to their plans. Charts, graphs, financials, historicals..etc..etc don't paint a pretty picture as this has been the deepest and darkest downturn maybe in history according to some CEO's. IMO, now is the time for CEGX plans to come to fruition.
We can sit here, "Negative Nelly" this thing to death and focus on the dirt but heck, I think most CEO's have things in their past that ain't necessarily on the up and up.
IMO, this downturn has not been cookie cutter so we can't expect the rebound to be either.
Does anyone anticipate a reverse stock split?
Things are starting to come together.
Looks like CEGX has spruced up their website a bit.
Well, on the lighter side, that means there are a bunch of guys enjoying their 70 virgins in paradise. ;) These cats practically ran to the bomb with an outcome like this!
This recession was unlike any other; just listen to any earnings report from any E&P company over the past couple of years. That being said, we can't expect the recovery to be cookie cutter either. Aside from supply and demand finally coming to terms, there are other factors that can push up the price of oil namely a shortage of oilfield workers, insufficient E&P CAPEX since the downturn and generally a shortage of materials and services up and down the energy value chain. Oh and lets not forget Geo-Political events and a pro-oil administration. There's a perfect storm brewing here.
Couldn't agree more. Permian is where it's at and these guys have a presence there. Future press releases will certainly be more telling. CEGX has been prepping for these market conditions for a very long time. The key moving forward will be patience.
Everything's bigger in Texas.
LOL! They are probably trying to catch a carrier pigeon.
I like your analysis.
Flippers looking to make a quick buck.
You are correct. 8k's usually follow any PR announcing M&A activity.
Any sign of life is a good thing and certainly instills confidence. I've been sitting on my stock for 2 years and am glad CEGX is staying true to it's vision.
Do you think we may see a reverse stock split in the near future?
Sir you are grossly misinformed. Anything and everything a publicly traded corporation releases must go through legal for obvious reasons. Yes, attorneys are costly, but a poorly prepared PR can be even more so.
PR is imminent; just gotta be patient. CEGX execs were like squirrels gathering acorns (i.e. prime Permian real estate) during the down turn.