GREY:ENGFF - Post by User
Post by
SENSAI1on Apr 09, 2008 12:21pm
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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.