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Energulf Resources Inc. ENGFF

Energulf Resources Inc is an oil and gas exploration company. Along with its subsidiaries, the company acquires and develops oil and gas projects in the Gulf of Mexico in Africa and Albania. The company's assets are located in Canada, Namibia, Albania and the Democratic Republic of Congo. Majority of the revenue is derived from the properties in Canada.


GREY:ENGFF - Post by User

Bullboard Posts
Post by SENSAI1on Apr 09, 2008 12:21pm
197 Views
Post# 14953322

News might be built into the price already.

News might be built into the price already.Markets are different now than they were when ENG hit $7.00 on speculation a few years ago. 

The UNX deal for 3% carried interest in Block 1711(no drilling costs) is closing and the UNX market cap should be at least 1/3 the market cap of ENG which would put UNX at around $1.40-$1.50 once the deal closes, it has the better shot right now short term to go up on this Namibia oil play. 
Bullboard Posts