OTCPK:EDEYF - Post by User
Comment by
digger69on Jun 02, 2014 1:32pm
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Post# 22621632
RE:RE:RE:RE:RE:RE:RE:RE:Best Micro Oil Play
RE:RE:RE:RE:RE:RE:RE:RE:Best Micro Oil Play.40 cents is undervalued IMO at this stage for EDE.
BUT.. I say .40 strictly on technicals off the charts!
If I were to put a full value strictly on my view of what Edge currently is today? There is a lot to consider when thinking about that.. Producing gas wells + producing oil wells + proven & probable resources, debt load & debt payback and cash burn rate.. how much do insiders hold plus a lot more.
I have spent a fair bit of time thinking about that being a holder here for some years.. my number i keep coming up with is around the .40 - .60 range. And soon to be much much higher.
With them now having revinues of over 1M/month they will quickly pay off their now seemingly small debt and become financally independant.
Very soon my .40 mark will be a very good deal IMO!
Also, with the way house 53 has been buying in over the past 6 months or so.. could be the boys over in London or possibly a house accumulating for a buy-out. Just my thoughts of course, but also my reasoning for holding while being up currently over 100% on my total position.
I've been with Ede for about 4 yrs now, always trading a portion of course like anyone trying to make bank! Now is the time that I've spent patiently waiting for and accumulating at the lows.
Cheers