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Post# of 173778
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researcher59

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researcher59

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Re: None

Friday, 06/02/2006 10:21:31 AM

Friday, June 02, 2006 10:21:31 AM

Post# of 173778
EGY at 7.60, up 26% from 6.01 just a few days ago .... the Cramer pump yesterday along with IBD #2 ranking are behind the move, but I think we'll be seeing a pullback.

I sold 40% of my position this morning with the intent of buying back at lower prices ...

EPS of $0.18 in Q1 is unlikely to be repeated in Q2 even with higher oil prices .... liftings were well above production last quarter, and are on target to be below production this quarter ....

Long term looks excellent with all the new drilling prospects, but I think we'll be seeing the $6's again in the coming weeks ....
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