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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (42143)	5/5/2011 1:32:29 PM
From: E_K_S	Read Replies (3) of 78758

Re: Double Eagle Petroleum Co. (DBLE) Earnings out finance.yahoo.com From the article:"...Total natural gas and crude oil production increased 1% to 2.3 Bcfe for the quarter ended March 31, 2011. The production increase was driven by the Company's additional working interest in its non-operated properties in the Atlantic Rim, which the Company purchased in the third quarter of 2010. The increase was also attributed to improved production from certain wells in the Doty Mountain Unit as a result of fracture stimulations performed in the fourth quarter of 2010. At the Catalina Unit, production declined to 1.2 Bcf for the quarter ended March 31, 2011 from 1.4 Bcf in the first quarter of 2010. Management believes the decrease is primarily the result of the field's normal production decline....". ------------------------------------------------------------------- 3rd quarter has a lot of drilling. There is potential for production increases by end of year. Results of their Niobrara well by the end of the year too. Therefore, not too much excitement until Q3 or early Q4. Sold some Oct $10 calls while I wait. Still holding my small position bought around $9.00/share. Company is slowly growing it's value. EKS

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