Energulf Resources Inc. ENGFF

Energy

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.

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Energulf Resources Inc.

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Comment by Saturn4on Jul 07, 2009 12:36pm

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Post# 16121606

RE: RE: RE: RE: RE: RE: it's Sunday evening...

v65magnafan, I don't necessarily agree with your analysis on the inflation/deflation part ... I think you got it wrong ... with so much money being pumped into the economies, low interest rates, choking off supply (oil/gas + other commodities cutting back on exploration and output), weakness in the U.S. dollar and commodities tied to the U.S. dollar ... IMO, there will be severe inflation and a resulting spike in commodities ... its just a matter of time ... if and when UNX/ENG announce their 1711 find/re-drill ... IMO likely this fall ... we are looking a a nice spike in s/p ... possibly sooner then the potential announcement, if any ... You also have to consider the choking off of supply with the inevitable picking up of the U.S./China/India/ Brazil etc. ... As well, Obama's carbon tax and other factors will see huge inflation ... is my guess ..

Either way, inflation or deflation, I think we are in agreement that UNX/ENG will do well ... patience is key!

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