EGY - sold some held most, I have a little trouble following the advice of an analyst that held their target price at 4.5 while the stock rose to 10.45 and still targets it at 6.0 but expects earnings over .80 . It would not surprize me to see eps over a buck in the not so distance future especially with talk of oil over $75 to 80.
Things to remember: Cost account increasing; production rising on avouma first and then ebouri; etame outperforming itself; possibly three new plays- angola,mutamba, north sea and also etame's prospect "a" plus satillite fields to present known fields.
Last Q eps was at $61bbl oil but more production ---- this 2Q compared to 05 same production but 05 price at approx. $48 bbl -major differential to 65-70 this Q.
Also egy is lush with cash so........lots of options, more deals, take over, be taken over, etc.
All this said I'll take some chances and not empty the boat to soon. I made that mistake with PLLL, CRZO and EPEX .....made great profit but could have been much more.
Anyone brave or foolish enough to admit their still in the game? Ha!
Real Estate is location, stocks are management,management,management.
Also like COP, CVX,APA.
But JMHO..................
