RE: RE: RE: volume..... exakt, are you kidding me, $1.50 to $1.75? P50 on 2 blocks at 7.8 billion barrels (5.46 billion net to EOG for their 70% working interest) is worth more than a billion. Given all the other activities in the market today (job numbers, take overs, plus March Break, etc) when news gets around to most, expect to see EOG over $2 in a 2 weeks or so. All I can say is that EOG phones must be ringing off the hooks with brokers looking to do a PP - I just hope management give the story some time to get around to international investors as well, then they can do a small PP at minimum $3 per share (at $3, market cap on the company will only be $180 million which is extremely cheap for what they reported yesterday - just try and find another company with P50 best estimates of 5.5 billion barrels of oil net to them and see what it's worth).
Again, P50 of 5.46 billion barrels of oil net to EOG is massive and it's only on two of their Sharon block, what about their other blocks? This company is destined for an early take out. Expect $10 per share in less than a year time (market cap of $600 million which is still less than UNX was bought out for even though EOG has way more potential in my opinion)