EP and Hidef< ABP
I played that stock last year and even though oil was going up and up and the rest of the oil sector was exploding this stock did nothing. I am not enough of an oil expert to know the reason for sure but did have a friend tell me it was because their fields are primarily in lower quality Texas fields. Has something to do with the fact that majority of the refineries in this country aren't designed to handle that type of crude, which is why we are so dependent on Saudi oil. See Harken Energy which is primarily in the same region and that stock has been dead money for years also.
But maybe the chart formation will trump! Good Luck. If you dig into this subject more, please post your findings. Just my 2 cents. Would love to uncover why GEOI is blasting off and not ABP!
"The very existence of flame-throwers proves that some time, somewhere, someone said to themselves, You know, I want to set those people over there on fire, but I'm just not close enough to get the job done."
