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


To: Celtictrader who wrote (142393)1/2/2011 9:14:36 AM
From: Ed Ajootian1 Recommendation  Read Replies (1) | Respond to of 206326
 
Celtic, Doral Energy (DRLYD)*** -- Great call, I started buying it in the last few weeks and after the reverse split it briefly shot up past your $.06 target ($3.30 post split). I stopped chasing it at $.051 ($2.81), since right now its somewhat of a "black hole" since we have yet to see a pro-forma opening balance sheet for the merger.

Hopefully when they announce the merger (expected early this week) they will give us at least the key elements of the new balance sheet. We know they have a very valuable asset (a piece of 30,000 acres in the Bone Spring play) that is not going to show up in the balance sheet but still it would be nice to know what debt & other obligations are out there.

*** Soon to be renamed Cross Border Resources, and new ticker TBA