RE: RE: RE: $50 million market cap mazinga, you are not missing anything here. EOG is only 4 months old and has no analyst covering it as yet, but boy, those who are able to accumulate a big position under $1 will be greatly rewarded. As soon as this stock become known, it's going to fly. Today sell off could be profit taking from those who owned the stock earlier.
Just use CGX Energy as an example, they are valued well over $400 million yet they have less resource potential than EOG and are drilling in a higher risk area in terms of making a discovery. EOG is a certain 10 bagger given what the NI 51-101 report stated. The stock didn't even double since the 51-101 report came out yesterday even though it shows more than 5 times the resource estimate that EOG was initially saying in their presentation. Again, as soon as some people get to know EOG, it's going to fly - UNX Energy was taken out after their seismic study (not even drill well stage), so EOG is on the radar of many (especially after yesterday), you can count on that. By the way, this NI51-101 report is for only 2.5 million acres offshore (don't forget, they have 6 plus million offshore and 7 plus million onshore acres - they are the second largest land holder in the area so they are certainly on the radar of others now)