+ Watch EPM
on My Watchlist
Conservative will ride the coat tails of Denbury Resources (DNR)
Excellent management. They keep costs very low, and really know how to maximize returns. When their working interest in Delhi kicks in later this year this stock should fly.
+ve cash flow vs. a year ago.
New and Improving Earnings Opinion
No debt, it has a great insider presence. It has been on a nice run. Their operations are in the US onshore. There is much to like here.
At $70/BOE Denbury flood of Delhi will produce over $2/share. Stock will be $16 this time next year.
Nubers on their most recent 10-Q look good and they seem to want to continue development on their existing projects for 2010. Playing it safe for now? It might work out in the next year or so.
This company has a great thing going for them. I love the inventive way that this company moves in and tries to extract more oil from areas that have already been vacated. In an era where every drop is valuable, I believe this stock to be a great niche and every bit as rewarding.
Testing out a portfolio of smallish-cap 5-star stocks found using the CAPS screener. All picks have at least 50 allstars backing them, which should be enough to minimize star rating fluctuations. It's been less than a week, but so far so good!
becuz its doing gooooooooooooood!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
petro stocks are solid now
EPM is likely to be able to claim 10-15 million barrels of oil reserves once CO2 injection into the Delhi Field begins. The project is well capitalized through Denbury Resources, the company is flush with cash and they have a plan for longterm growth. They do not need to dilute the company with stock offerings since they will soon have the cash flow for all their projects.
1/2/08 - Dow and Nas significantly declined. This is 1 of 14 stocks that did well today. This is a part of my pick for the year that I'm going to follow.
On the news page of EPM’s website, (http://www.evolutionpetroleum.com/news/SMH%20Nov%202007L.ppt), there is a slide show presentation that gives a timeline for the Delhi Field Development. The slide show projects CO2 injection in the second quarter of 2008. The presentation is dated Nov. 8th 2007. EPM acquires known onshore oil and gas fields that “matured prior to modern technology . . . . .and recent increase in oil and gas prices.” . EPM is 19% owned by management, so they must be betting on being successful.
They own rights to an oil feild, oil is in high demand, this stock will go up.
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