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Dune Energy, Inc. (Public, AMEX:DNE) Watch this stock fly

Recs

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September 08, 2009 – Comments (2) | RELATED TICKERS: EXXI , CRK , SFY

Dune Energy, Inc. (Dune) is an independent energy company based in Houston, Texas. The Company is engaged in the exploration, development, acquisition and exploitation of natural gas and crude oil properties, with interests along the Louisiana/Texas Gulf Coast. Its properties cover over 100,000 gross acres across 23 producing oil and natural gas fields. During the year ended December 31, 2008, Dune’s total proved reserves were 132.9 billions of cubic feet equivalent (Bcfe), consisting of 83.8 Bcf of natural gas and 8.2 million barrels (MMbbls) of oil.http://www.duneenergy.com/

 

 .15+0.018 (13.64%)

 

Sep 4 - CloseAMEX data delayed by 15 mins - Disclaimer

Only good news

Prospects that its deep-water plays in the Gulf of Mexico could pay off.Massive offshore discovery announced this week by BP plc. The oil giant said on Sept. 2 that its Tiber Prospect, about 250 miles southeast of Houston, could hold as much as 6 billion barrels of oil equivalent.

 

2 Comments – Post Your Own

#1) On September 08, 2009 at 1:51 AM, greenwave3 (96.35) wrote:

Nice rec. I think I'd rather flush my money down the toilet instead. At least this way I get to see where the money was going.

This company is headed straight to BK. They are insolvent, and even if they are able to raise cash to fund operations, it would likely involve dilution to existing shareholders. 

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#2) On September 08, 2009 at 11:29 AM, chk999 (100.00) wrote:

Not rateable in CAPS or I'd give it the thumbs down.

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