GREY:ENGFF - Post by User
Comment by
Tinmannon Jan 26, 2008 9:59am
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Post# 14266728
RE: Actually ENGs full upside is $600PPS
RE: Actually ENGs full upside is $600PPS$600/sh ENG is total nonsense.
And on another note, BUK is a totally different play. They actually have a portfolio of other plays outside of their big target, while ENG will maybe have a frontier block in the DRC. There's never been a well drilled in the Namibe Basin while the North Sea is a well-known oil province with billions of barrels of proven discoveries and all the data and infrastructure that goes with that.
Just my two cents, but anyone that's buying ENG thinking it could go from $3 to $600 is out of their mind... not to mention the amount of risk associated with the play right now.
Only have in this play what you're prepared to lose. Day trade around it if you're sharp enough, but don't drink the kool-aid here and overexpose yourselves thinking this is anything but wild speculation.