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re: Official Erin Energy (ERN) thread

Posted on 7/6/15 at 6:03 am to
Posted by 23
Luling, LA
Member since Apr 2013
199 posts
Posted on 7/6/15 at 6:03 am to
Seeking Alpha put out a new article encouraging ERN investors to be patient and recaps the past 2 years. Here's the link and summary.

LINK

Over the past two years CAMAC Energy has transformed itself into an oil and gas exploration and production company and changed its name to Erin Energy, with its main asset.
The company consolidated shares in a reverse merger, pushing it up into the institutional investing range and was recently added to the Russell Index.
The company has seen some negative publicity, but continues to deliver on its plan for developing Nigeria and exploring potential oil and gas in Ghana, The Gambia, and Kenya.
Posted by LSU9102
West of the Mississippi
Member since Mar 2007
2476 posts
Posted on 7/6/15 at 10:14 am to
Price of oil dropping today to $54.20 right now with a decrease of -4.80% isn't helping any of these companies in the oil and gas industry.

How low will it go and will there a be a time back where it is $65/barrell or higher?
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