Camber Energy Inc (CEI): Here is a little DD from a week or so ag...

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Camber Energy Inc (CEI)

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Re: rcht2370 post# 175

Wednesday, 04/20/2011 12:21:56 PM

Wednesday, April 20, 2011 12:21:56 PM

Here is a little DD from a week or so ago... to support your hunch!

Lucas Energy Inc. (LEI) recently announced a partnership with Marathon (MRO) to drill its Eagle Ford acres. It's always bullish when one of the big oil names jumps into a project. Marathon will have rights to approximately 1000 acres or 50% of Lucas' leasehold rights in Wilson County. Lucas will still maintain the leasehold above the Eagle Ford geologic formation. On March 8, I covered Lucas as one of my favorite speculative names here. Lucas has 14200 net acres in the Eagle Ford. Lucas purchased this acreage for $300-400 per acre. The value is now approximately $10,000/acre. In 2010, Lucas sold 27% more oil and at an increase of 14% in oil price compared to 2009. Lucas is well placed going forward and may be the best name on this list.

P/E Ratio: Negative
Price to Sales: 4.71
Price to Tangible Book: 0.56

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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