Replies to post #175 on Camber Energy Inc (CEI)

[OilStockReport]

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