GREY:ENGFF - Post by User
Post by
uLYSESSon Jan 08, 2009 10:26pm
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Post# 15692916
bravo saturn 4, comments
bravo saturn 4, commentsThat post really does tell it like it is ...
I am heavily involved in WZR and have a good position in ENG and VST.
My main concern with all these type of plays is when is one going to really work out?
Pescod and Wellington West talked about stocks that will change your lifestyle .... but if you look back, I don't think any hit the motherlode, OR even struck oil ...
Look at IFR .... that was to be a big winner ...
Are these public oil E/P plays fantasy long-shots for mgmt and shareholders alike?
As for eng, the last year has been a mystery ....
I mean why would this russian partner be spending, what was it, 100 million dollars? which is an enormous amount of money ... to chase a dry hole-
In theory, they could have bought 100 million dollars of BP, Shell, Exxon, etc ....
and why was ENG so quick to bail, when the russians, and UNX saw a different picture?
What in the world is going on?