NEP....Is a perfect common sense play imo....the fact that some think that a friday AH release of earnings is a bad sign are just not true traders and shouldn't be trading...I think we run had into fridays close as only a fool would want to be short a China Oil company that is clearly expanding...
From NEP disclosures, they had drilled 111 wells in first six months and 142 in first eight months. I am not sure whether that number includes any new wells drilled for NEP itself. Of course they added the new contract for 100 wells in September.I think the results will more or less be in line with expectations. It is hard to figure out market response though. NEP is cheap by most measures still.
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