Emerald Energy EEN

[Jackdaw]

Does anyone know why Emerald Energy's share price has doubled in the last ten days

 

[Splitlink]

Does anyone know why Emerald Energy's share price has doubled in the last ten days

http://www.uk-wire.com/cgi-bin/articles/200501120700072632H.html

Split

 

[driftwood]

Does anyone know why Emerald Energy's share price has doubled in the last ten days

This is just the start of a very big drilling campaign for EEN

The share will be on an upward trend for months IMO so if you can take the strain of the dips the shorters put into these stocks it's well worth a punt.

 

[madasafish]

I hold a lot of EEN.
Basically it's got $26M cash, new management, producing at c 5,000bopd - 5 times the rate of a year ago - has a deal on Siberia - which we know little about- and backed by the same pepole who run First Calgary Petroleum (FPL) - see the chart for that🙂

I reckon by end 2005 EPS will be in excess of 30p and double or even treble that in 2006.

 

[driftwood]

Stoke of Trent ? I'm in Stafford.

News is over due, but the issue of reward shares last week leads me to think we are in for a big one when the results come.

 

[madasafish]

Yes: news of the Siberian deal.. must be approved by Shareholders by 31/3 so details must be issued next week.
Plus results - Sharescope says 8/4
Plus drilling news
My Fibonacci count says next stop 296p

..
Wilds of Biddulph north of Stoke🙂