That's a MONSTER divvy. PR came out AH Monday. It's a 6.30 stock and I think it just didn't hit the radars. Hell, it can drop 50% and you're still green after the divvy. Lookin at the chart, doesn't look like it should drop much under 5.80, still leaving a very nice profit after the divvy.
EX date should be next Tuesday. You'd have to buy it by Monday, 1/29, in order to be a holder for Thursday, 2/1 and get the divvy. Should trade Ex dividend on Tuesday, 1/30, but that date has not been set yet and that may be what's keeping the buyers out.
Looks like a winner play to me.
JJ
Monday, January 22 2007 4:23 PM, EST
National Energy Group, Inc. Announces Cash Dividend to Be Paid on February 15, 2007
PR Newswire "US Press Releases "
DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- National Energy Group, Inc. (OTC Bulletin Board: NEGI) ("NEGI" or the "Company") announced today that it has declared a one-time cash dividend on its outstanding common stock in the amount of $3.31 per share, or $37,041,051.50 in the aggregate, payable on February 15, 2007 to stockholders of record as of the close of business on February 1, 2007.
Forward Looking Statements
This press release may contain projections and other forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Any such projections or statements reflect the Company's current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that such projections will be achieved and actual results could differ materially from those projected. A discussion of important factors that could cause actual results to differ materially from those projected is included in the Company's periodic reports filed with the Securities and Exchange Commission.
SOURCE National Energy Group, Inc.
I am not a broker and profess to know nothing about trading stocks. Do your own DD. Buy, don't buy...sell, or don't sell at your own risk.
