GREY:GULSF - Post by User
Post by
SENSAI1on Jan 24, 2008 1:22pm
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Post# 14255482
I don't like the way this and are MNL trading.
I don't like the way this and are MNL trading.Got out at 0.24, few cents profit. This may actually go down when they release news of the spud date. Better bet is Groundstar Resources (GSA), they just released news today of spud date in two weeks.
Cannacord has already covered them on Jan.22. They are moving up slow and steady.
This is from the Cannacord January 22 article from David Pescod.
david_pescod@canaccord.com
Energulf Resources which should start drilling on their
Kunene project offshore Namibia any day now, should
they hit, Shaw gives a target of $20.00. The risk level,
needless to say, is high (maybe one should say very,
very high).
Groundstar Resources is a company that has high impact
blocks in Egypt that he tells us also has a high quality
management team with good connections and could see
a target of as high as $20.00.