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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: FIFO_kid2 who wrote (34925)	11/22/2009 5:22:44 AM
From: laurin_de	Read Replies (1) \| Respond to of 37387

what ng price does Crimson need to make exploration and production from its Haynesville shale leases economic? Despite the low number of rigs, there is still so much ng on the market... You "CXPO lovers" are rather optimistic, imo... but I have been wrong many times.. Laurin

To: FIFO_kid2 who wrote (34925)	12/16/2009 2:45:06 PM
From: siempre33	1 Recommendation Read Replies (1) \| Respond to of 37387

Today's negative price action [down 20%+] is likely due to the poor reception to CIE's IPO which was originally expected to price at $15-17. Given recent information provided that hinted they were in violation of debt covenants the company unfortunately had to rush this stock offering and the company was unable to first list the shares on NASDAQ and get the positive effect in the price of its stock from this added liquidity. Regardless of what happens it doesn't hide the fact that it appears their acreage is in the sweet spot of the Haynesville shale formation. houston.bizjournals.com [p.s. more newz due out tonight or tomorrow....]