RE: TA says E is screwed.TA is only good to a point. This is not the point. We are trading at less than asset value. The company is still profitable (as far as we know) on an annual basis. The question is will natural gas rebound and bring shallow well drilling with it. Usually going into the fall and winter is good for natural gas. But who knows. Who has the crystal ball. I wouldnt mind a peak. IMO someone with a very large position has been selling out for the past while. A stock doesnt drop like this with no news consistently without someone with a big position liquidating it. Unless bad news is around the corner i think we are pretty close to a bottom.
Good investing.
Bdussy