Isramco, Inc. (NASDAQ:ISRL)
The Company is engaged in the exploration for and production of oil and gas in Israel and in the United States.
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From here down... i closed this pick before the big jump... damn!
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Horrible fundamentals, oil and nat. gas are unlikely to see the huge increase in price that would have to occur to justify the stock price appreciating greatly over the long term. Speculation will most likely drive the price wildly up and down in the meantime.
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Pick up on a drop
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When this one craters, it will do so in a most ugly and ungracious fashion. The financials are shaky, and the market cap is just a shade under it's proven reserves. Any hiccup in the nat gas or oil markets could send this to earth with a thud.
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Stock valuation spiked due to being added to Russell 3000.
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Two large domestic oil acquisitions in the past twelve months and exploring fossil fuels in Israel. Weak earnings have me leaning toward a long term stall.
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Check this company out, really interesting stuff. The recent skyrocket in price is no joke, look for this company to continue upward at a steady pace as it gains recognition.
Recs
israel gas company
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Fool UK
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