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  • john_mrks john_mrks Nov 14, 2011 2:16 PM Flag

    Citi Raising Target Price to $100.00 per Unit

    Wonderful news! Helps explain the Recommendation Summary* of 1.5 to 1.3..that's just outstanding! This may be a tad OT, but not really. It happened to me last week.

    What I found amazing (This concerns Eagle Ford) was the immense amount of fracing activity just between San Antonio and Corpus Christi along I-37. A farmer paid $800 an acre a few years ago. Now Flex Frac, Turner Industries Group, TriCan, etc. are paying $2,200 an acre just to Drive Across the land to get to the wells..and they are everywhere. Big, Brand New Wells that weren't there just a few months ago. Farmers selling acres outright are getting huge amounts. 18 wheelers with large containers of what looked like water, trailers to acommodate workers. Flex Trac has a billboard with a "$5,000 starting bonus" right under their name. Getting out and seeing for yourself is the only way to go if you have the time.

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