Frankly I don't have the foggiest what's up with the MMs in ENGY. If they're looking to encourage trading activity they're going about it in the wrong way in my opinion.
The financials were just re-released on yahoo and the results for the MRQ don't look too bad at all from where I sit. The spread between the bid and ask is almost 50% by my calculations...and while I don't begrudge MMs making their 'juice' 50 pts is pushing it a bit far.
Anyway stochastics are showing very oversold imo and they still haven't put out any news. If anything comes out by way of a PR or anything else...well we'll see.
Most if not all of their revenue is generated by a wholly owned subsiduary company called Colvico. If you do some searching of "Colvico Inc" you can find some contract information on Washington sites...I've posted a couple to ENGY's I-Hub board.
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