RE: The time is near for a new dealWhy will EC Ago down please explain this to me?
1 - There sales prices are protected or at least 97% is.
2 - They are trading at historically low multiples, 5 times CF, and under 10 EPS.
3 - They have zero exploration risk with their resource plays.
4 - They are reducing their exploration budget in higher cost areas to lower op expenses for remainder of 2006.
5 - They will announce deal for their oil sands development in a few short days that may involve spinning off a new company.
Hmmmmmmmmm, I'll keep adding to my portfolio, please keep selling if you must, thanks for the shares.