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Saturday, August 11, 2012 6:02:58 PM
The company started remaking itself from a mostly natural gas producer to liquids producer in 2010 and now claims liquids account for over 60% of revenue.
The company has met and exceeded its Eagle Ford goals; profits have nearly quadrupled thanks to the company's higher oil production.
Carrizo's financials show that, as of the second quarter of 2012, quarterly revenue growth is at 83% year-over-year, total debt is $870 million, and debt/equity is 166.
In addition to the Eagle Ford, the company has valuable assets in the Niobrara and Utica shale, natural gas in the Marcellus and Barnett shale, and North Sea oil.
"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink
Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.
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