GREY:CAZFF - Post by User
Comment by
naga00on Jul 26, 2014 6:06pm
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Post# 22784875
RE:RE:RE:RE:D*ck Davis Digest letter #759 Mid year stock picks features
RE:RE:RE:RE:D*ck Davis Digest letter #759 Mid year stock picks features my position size is very much a match . Factors- can they continue to produce oil via the drill bit to replace the drop-off from existing wells. Will Oil prices stay strong and even move higher. Today US has remove embassy personal from Libya. ISIS continues to be on the move in Iraq. Nigeria's Boko Haram continues his slaughter, Israel vs Hamas, Syria and pro Russian Ukraine causing problems ( flight 17) So huge political risk worldwide that does not seem to besoften yielding lower prices for Crude. We got rid of Yorkie so shares outstanding is less than I assume by around 20+ 30 million. Institutional investors are raising their flag to show that they support management. Huge drill sites inventories( 300), we would have to say, " proven management", acreage around SE NM seems very hot will many majors drilling, 3 exchanges offers broad exposure and trading 25% below recent all time high. We should not forget that we just completed a 30+ million share offering and Yorkies selling all the way up-- so lots of distribution. Overall very bullish and believe $1.00 is not out of the question with 1 year or a buyout much sooner-- lot depends also on ther p1+p2+p3