GREY:ENGFF - Post by User
Post by
DoubleManon Sep 02, 2008 10:21am
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Post# 15424726
ENG/UNX....my take
ENG/UNX....my takeThe DV was on site and started April 8th and was estimated to take 55 to 60 days for drilling.....in a few short days it will have been 5 months or around 150 days.....almost 3 times the original forecast.....
Tight hole ruling all the way....no news ...except some amateur prepared NR....shortly after the same person was retracting wordage from that damaging report...no accuracy.
Today oil plunges ...America rejoices over a possible short lived recession...
ENG is at 46 cents and UNX is at 22 cents....
My take.....it`s over....the fat lady is singing.....get the hell out before you loose it all.....don`t expect some great NR.....especially from the person who gave us the last one....Im out.....huge losses for me....but better than a wipe out.
IMO this whole experience has been nothing but a pharse.....no wonder the Venture exchange si back to 2005 levels...