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Monday, November 07, 2011 10:21:26 PM
A very important note, Double Eagle's asset is in the Atlantic Rim that is approximately 200 miles from where Samson/Chesapeake/Halliburton (HAL) are. Also, Double Eagle is the 12th largest coal bed methane producer in Wyoming, so this company is not to be valuated like a company with substantial liquid reserves.
At the end of the third quarter of 2010, gas was 97% of the business. This company also has a pipeline-based income. On February 22nd of this year, Brookfield Asset Management upgraded the company from hold to buy based on third quarter earnings.
It seems that Double Eagle is maintaining a profit. This company could have significant upside if its Niobrara holdings are oily, but this is a play on speculation.
This is not a securities offer or any kind of investment advice. You can lose all your money investing in stocks.
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