For any 'real' people thinking about ECAs I don't need to point out anything to the paid, pro basher/pumper crew.They don't even care what the name of the stock is or what it is going to do. They just care about the wine money they make posting the pro or con for employers depending of where the game is at at any given time.
If you are thinking about what to do concerning EC spend some time reviewing the names of everone who has come on scene for EC since the booting of Slaughter a few years ago. This includes the financial talent that was here for a short while setting the company up properly as part of the company makeover.( I did not like the rollback but you must roll with the power) Then go into a detailed search of all company managers and the things you can find out about their past accomplishments. Then think about the address of the company headquarters.Have you any other jr's with the same pedigree?
All the above is why I was not worried, and am now not worried about buys in the $.50's I made before a pull back in the last few days.
I think this goes up with:
1. Permits
2. Drilling announced.
Then the one we all need to work out for ourselves is how much we hold for a possible hit from drilling. I am thinking the action from 1&2 will allow me to hold a risk free 40-60% of what I held going in. After booking a profit no matter what drilling reveals.
God Bless and have a nice weekend.