National Energy Group (fka NEGI)

[Squeegee_1]

There will not be a price drop on the 2nd. The ex-dividend date is the 16th. The price will open on the 16th at the 15th's close minus $3.31. This is actually a cash distribution...

Also, keep in mind that the company recently sold 1.5 billion in assets and included the upper management team. Essentially, NEGI is a debt free shell company with around 50 million in the bank after the dividend, a proven CEO and ready to made some big steps forward.

IMO this stock is undervalued until the pps reaches 7.50 to 8.00 and it should be treated as a buying opportunity right up to the 15th.


50 million cash / 11,200,000 OS = 4.46 cash value after dividend

4.46 + 3.31 = $7.77 target price before the 15th

All in my own opinion and happy trading
Squeegee