+ Watch MPO
on My Watchlist
Closed and re-opened to more accurately reflect my actual starting price. Actually in at $4.67. Had to buy a little more than I wanted for the longer term in order to get my price down, so will wait and watch to "cull" my position some as the opportunity arises. Can still go back down some as the "market" and the various players see any future potential, but I believe it is at a reasonable price at this time. A better time to buy would have been when it got down to about $4.11, but I firmly believe as they move forward, it will go up significantly from here. Do your own DD and make your own decision, but if you are into small E & P's, this has potential. JMO and worth exactly what I am charging for it.
Company seems to be focusing more on oil, less on gas. Currently, WTI is aboot $108/bbl
Potential to Double from this level. The price is near the 52 week low and close to a fire sale price. Gonna Give this one a Big GO!
Very oversold currently, especially in comparison to peers. ER was not that bad, and only reflected one months production of recent aquisition.
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