Interesting stockI just picked up some shares in this company yesterday and today. I will list the reasons why I chose to buy into this story. This may help others in their decision making.
-With recent financing and available 10 million line of credit this company has lots of cash on hand.
-production from its natural gas and Coal Bed Methane ("CBM") wells at Joffre, Alberta now exceeds 100 BOEs/day*. This is due to the fact that its 3-18-38-24 W4 and 16-20-38-24 W4 Belly River wells, both of which have been undergoing workovers, have been brought back on production.
-Have a total of 9 wells on production at Joffre, and the Company intends to bring three additional existing wells on in the coming weeks.
-Drilling at endeavor should officially be underway. Ps anyone with knowledge on Oil and Gas can you tell me if they hit anything how long until the oil from the well is brought online. Ie. under production?
-Natural Gas it hitting $4.60 today. Donald Benson States "
"The timing of putting these wells back on production coincides with seasonally high natural gas prices that usually occur over the next 120 days," he added.
-THE BIGGEST ITEM OF ALL Go to Canadianinsider.com and you will see that the CEO has been buying up shares like crazy. Its nice to buy into a company that has insider interest.
I hope that this information is helpful. If someone could answer the question about Endeavor that would be great! Thank you.
Any analyst updates on this one. From my perspective I see this company as an easy double.