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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: littlechuter who wrote (180811)10/25/2013 9:35:02 AM
From: Ed Ajootian  Read Replies (1) of 206326
 
littlechuter, American Eagle Energy (AMZG) -- Great to see someone else with an interest in this stock. Their story has some similarities to OEDV in that they are in a hot play but are in a part of the play that had not previously been considered to be one of the sweet spots, but are proving the consensus to be wrong. It was disappointing to see them have to take such a significant haircut on their equity raise but it appears that that is just going to be a temporary blip on the stock chart and the stock price is now just a dime away from where it was before the raise, and is actually higher than where it was before the road show for the raise began.

Part of the reason for the buying in the last few weeks is no doubt due to folks who are trying to complete building their positions in the stock prior to the 3Q earnings release and the announcement of the uplisting to the NYSE MKT (formerly Amex). From their ops update we already know that 3Q financials will not be all that exciting (given that production was flat vs. the prior quarter) but I'm expecting them to begin the practice of holding quarterly conference calls with the 3Q release and as we all know, those can help the cause for a company that is in hyper-growth mode such as AMZG.

Its great to see that Northland Securities is stepping up to the plate on AMZG with a $4 PT (see northland.bluematrix.com ).
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