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ZaZa Energy Corporation Message Board

  • bkfviking123 bkfviking123 Sep 5, 2013 4:38 PM Flag

    book val minus 55 cents

    think it holds one? where is the upside....can't see it

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    • If you are looking at book value and earnings to base your decision to buy this stock, you should get out immediately or not buy the stock. The potential upside for the stock is the JV agreement that Zaza has with EOG with their acreage in South Texas that could be the another big huge shale play. I can't think of a better partner to have than EOG, who will be bringing their knowledge and expertise of South Texas, and most importantly their money to the table to see if the Eaglebine shale formation will be the next big shale play. I have also been told there are several other formations that will be examined as well that oil and gas could be economically produced from. No doubt that the stock could go lower if the JV wells proved to be uneconomical or dry holes, but with the stock trading at around a $1.00 a share, but in my humble opinion the upside far outweighs the downside. Also, you can't ignore the fact that the CEO just put in $1.5 million of his own money to buy more stock.

      Sentiment: Strong Buy

    • Are you saying the phase I, 3 well JV Drilling results are not going to be satisfatory?

0.050.00(-7.14%)3:13 PMEDT