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


To: Ottrose who wrote (107515)8/21/2008 5:56:58 PM
From: Ed Ajootian  Read Replies (1) | Respond to of 206160
 
Ottrose, Endeavour Int'l (END) -- It's become pretty obvious to me over these last 3 or so months that END stock, for some reason, just doesn't trade with the commodity prices, or at least not as closely as most other producing E&P companies. So if you are looking for an investment that is like most other E&P companies in this regard, unfortunately you are in the wrong stock.

I had sold some of my position recently when it came tumbling down from its highs, but I'm not selling now. I like their exploration prospects and am willing to watch my remaining position just sit there doing nothing (or even go down further) these next 2-3 months, waiting for the rigs to show up, since I am very confident that, once they get some of their impact wells going in 4Q the stock price will pick back up at that point (assuming oil prices haven't completely crapped out by then).

You would do yourself a huge favor if you delete this ticker from your streamer and forget you own it for the next few months, IMO. Either that or blow it out and buy something that tracks commodity prices better.