RE: RE: Oh, death rattle
OK, one more time.
I don't see a lot of rational arguments, or explanations, being posted by the naysayers. Instead, they offer such cutting analysis as "EVG sucks," "EVG is dead money," "EVG is going to zero," "EVG's price is lower than it was a year ago."
Well, duh, I can see that. It has been proven time and time again that when it comes to stock prices, Benjamin Graham had it right when he said in the short run they are a voting booth and in the long run, a weighing machine.
If somebody could demonstrate, by the depth of their comments/analysis, that they have a firm grasp on the EVG situation, and could definitively explain why the stock is garbage, that would be worthwhile. I'm still waiting to see that.
This is a junior stock whose handlers have failed to promote its successes, who have fallen down on things as basic as meeting deadlines for news releases that they set. EVG has made PR mistakes aplenty. Hopefully, we are in a new, better era.
You tell me why the insider ownership of this stock is so low A recent poster was excited over, I believe, 59,000 shares. 59,000 shares! For God's sake, many of us own more than that. This is a .68 (US) stock!
You cite Prosperity as an example of an EVG success. Well, maybe for you Canadian shareholders who got to participate in the price runup post issuance, it was a success. For we in the U.S. who got the paltry .15 a share, it was something less than a success. Interestingly, the EVG management thinks it must tap deeper into the U.S. investing market to get the price to improve. That won't happen if there are more Prosperity's in the future, a short-sighted effort that was doomed for legal reasons to slight U.S. shareholders.
EVG has plenty of warts, which explains why the share price can't get out of its own way. The EVG types think they are handicapped by the relatively large number of individual shareholders, who seem eager to sell, sell, sell. Obviously there are larger interests who like to keep a lid on the price, as judged by their indiscriminately large volume sells in the afternoons, when the price is up a few cents.
So, you will never read me postulating $40 a share by year's end, or $120 or more a few years out. I think this stock should trade at about 1.20 currently, just based on what has been discovered and is likely to be certified in the 43-101. I think if the optimism about the coming drill season is backed up by good results, $2 is possible by year's end.
It's wise to be neither too negative, or too Pollyannish on this or any other stock. But if you insist on being either, and pontificating that view on a messageboard, you should be able to provide concrete reasons for the opinion. When that doesn't happen, when there are no points made, it is left to question the motives.