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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Red who wrote (939)3/15/2006 5:06:02 PM
From: Bill Wexler  Read Replies (3) | Respond to of 6370
 
I've also been watching EGY for a while. Long term (thinking 2007, 2008..) I'm very bullish on nat. gas (hence my recent purchase of PDS at 29)...so I want to start putting in positions as we roll into the historically slow spring and summer season.

Robert Gerry (the CEO) strikes me as a straight-shooter, and the balance sheet is clean as a whistle. Considering the company is expected to grow a minumum of 20% next year and you're paying less than 9 time forward earnings, I think this one is a no-brainer.

I wouldn't pay attention to the day-traders, except for opportunities to get in at low prices.

I am convinced this one is going much higher...and it has a very real shot at being a multi-bagger.