Hello everyone:
I'm going to mention an equity which may be of interest. I'm going to start with all the disclaimers:
This is an extremely speculative investment with a high risk/reward profile - proceed with caution. I own it in a big way, so I'll either be a hero or a goat. It is illiquid and can be easily manipulated IMHO, and has a very checkered history, being on the brink of bankruptcy at one time. This post is a tout, as I own the stock. Like Paul, I have been wrong many, many times. Have I scared you enough?!
MEXP is a microcap E&P play with interests primarily in the Mississippi salt dome area, natural gas being its primary product. It will post earnings I believe on Friday with a CC (I am going to be out town, so I am not totally sure of these facts). Already this year through Q2 it has cash flowed positive 69 cents. Although the company is hedged to some degree, I think we all know what a great environment we are currently in for energy, and it certainly has improved since Q2. The company trades for around stated book value.
If, a big if, the CC and earnings release are positive, this stock could continue to trend higher IMHO.
JMO, and good luck to all.
If I'm off base on this perception of MEXP, please don't hesitate to inform me!
Wallace |
