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re: EXXI - hitting new lows everyday
Posted on 10/13/14 at 10:19 pm to b-rab2
Posted on 10/13/14 at 10:19 pm to b-rab2
Just did a little digging, from the looks of it they have been doing pretty well as far as new drills. Only 10 dry holes out of 60 wells in the last 3 years. However it doesn't say commercial or what qualifies as a productive well so they could have a couple days pop guns mixed in there that they are calling productive.
1
Posted on 10/13/14 at 11:02 pm to GREENHEAD22
Another energy stock to keep an eye on is Stone Energy out of lafayette. They were on pace to hit to $50 mark this summer but have lost about 50% of their market value in the last 3 months bc of the slide in prices. Currently trading at $22.70. They have tremendous upside with tons of acreage in the Marcellus and significant drilling coming online soon in deep water GoM.
This post was edited on 10/13/14 at 11:03 pm
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