Carrizo Oil & Gas (CRZO) and Avista Capital Partners announced that they have entered into a joint venture to acquire and develop acreage in the liquids rich region of the Utica Shale. The JV has closed on its first acquisition of 15,000 at an avg cost of less than $1,500 per acre with CRZO owning an initial 10% and Avista owning the remaining 90%.
Roger, The specific location of the properties is crucial for assessing their worth, as what's called the Utica shale is a huge formation that varies widely from unrecoverable traces of carbon, to dry gas, liquids and oil at differing proportions of recoverability (although recovery proportion keeps rising with improved seismic, drilling, and fracking technologies).
Where did a disciplined investor that you are come up with the hyperbole "Collapses?" Too much coffee this morn?
keeps saying VNR will be taking out ENP by the end of the year, even though there is a class actin lawsuit pending that would have to be seettle first....it will likely take years to settle that suit yet you continue to claim that is A DONE DEAL.......jack you are nothing but a pumper with no facts to back you up!..........doing the same thing here you are there..........trying to convince newbies this stock is not over priced.........energy prices are in a declining mode and can go much much lower...............This was a $50 sstock about 2 months ago, and can go there again.........!
Have you ever reached down into a cookie jar and the cookies have already been gobbled up? If you have, you may have found a few crumbs on the bottom. Not as good as the cookies but pretty good if you are hungry enough. That being said, I am of the opinion that all the good (cookies) have been snapped up.