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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (94044)11/28/2007 6:53:17 PM
From: CommanderCricket  Read Replies (1) | Respond to of 206108
 
Ed,

You misunderstood the dialog, we were talking about the specialists, not the company.

EGY is well run company but something of a value trap. Bonnie light, several Gabon concessions with reasonable royalties, but never has been appreciated much.

Been mostly down hill since mid 2006

stockcharts.com

Always thought it should trade higher but except for the run from late 2005 into 2006 it didn't do much. I gave up on it around $6. Sold a little early but was holding quite a few very cheap shares when it traded over the counter as VEIX.

When their new production platform was delayed due to Katrina, I figured the market wouldn't have any patience to wait around.

Might be a good time to look at them again.