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ENERGY PARTNERS LTD Message Board

  • zhenww1231 zhenww1231 Nov 30, 2004 12:56 AM Flag

    EPL is technically ready for a new bull

    EPL is technically ready for a new bullish ride. For details please see analysis chart at:

    http://www.cisiova.com/analysis.asp?action=EPL_2004_10_29

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    • so, do you think they are overleveraged with the hedges on their proved reserves? That's Moody's beef.Depends on where ngas prices go and the costs to drill.

    • S&P does have a little more weight, but neither one is much today. I was in the business for over 30 years and know what it used to be. Today is seems to depend on what they are smoking at the time.

    • have you read their financials @ www.sedar.com? I have.

    • how could they lose any money, they haven't even reported any earnings...people buying are energy stock players, like myself, once this company starts reporting the stock may level out a bit...folks are buying in anticipation of a great little coal company in canada....they are mining, exporting met coal needed to make steel to some of the big players...they have secured some very impressive contracts thus far...It's hard to say what the book value is at this point buy many analysts are pegging them at $14...so you have to believe coal prices won't take a dive next year....the company has to raise a lot of money to fund the operation...they have been extemely prudent thus far...you indicated that you liked energy stocks so I recommended the best one out there...if you look at the chart you will see that it climbed from $3 to 16 in about 6 months...when I first bought it the daily volume was about 30,000, it is now seeing volumes of between 700,000 and 2,000,000.....with very few dips, just enough for profit taking.....I think it could go to the 20's in which case it will be the best stock I have ever owned...period...don't buy it, don't even look at if you're at all unsure...
      do your own d&d....as I mentioned, it's been up against resistance at 15-16 area...for a couple of weeks....after the run it's had I feel that it's taking out this huge resistance in an impressive manner...my initial target was $14 for this stock, at which point I would sit out till it broke resistance thru to 16 or 17. I thought it would sit at $14 for a while but it is deciding otherwise I believe...
      I purchased $240 shares at 15.70, and will continue to add multiples of 100 upon confirmation...
      wtn on the tsx venture exchange is another...
      if you look at the gce chart you will see a chart to die for...
      if you compare the charts against epl for instance you will see what I mean...actually you can put it up against apple, bry, taser and siri, and it will make them all look like penny-stocks....
      I am going with loose stops, 25%...around the $16 area, tighter if she follows thru...
      I am going long....as was my intention from the start....I have heard analyst after analyst say that energy stocks will have a tough time next year...I have decided that they are all idiots....everyday that oil prices stay in the 40's adds strenght to all energy stocks, including this little coal stock....
      IMO
      good luck...

    • Grande Cache Coal. For 9 months ending 9-30-04 they LOST .09/share.www.stockhouse.ca/research-www.sedar.com I don't know who is selling that, but must be based on buyout not earnings!

    • here's one for you....
      gce.to (tsx)
      a nice little upstart coal stock....
      if it breaks thru 16, it's looking like it wants to...look out....she'll pop to 20's in an instant.....the company management is shrewd and knows when to release news.....the follow-up coal shipments should be announced soon.....

      I bought a big position at $4, bought more at $6, and then bought even more at 8.69, (I had to sell some pretty good stocks to buy more....) left it at $14 resistance....
      now I'm back in with a decent position...
      In my case it doesn't owe me anything...so I went big...but do your own d&d.....
      If it pops to 20's I think I might hang on well into next year.....

    • 1.64 '05 times 25= $41 value! Wow! Check out RRC, they just bought 20yrs gas reserves, 80% is coalbed methane.Don't own yet but 21.59 breakout approaching on RRC, takes it to 23.50 if happens.

    • Yep told ya. $ 21-22 a little sooner than I thought though. gl to all

    • Well I doubled up this morning, should have done it yesterday. Should have known management was doing something good for EPL's future. Way to go guys, now lets get DRILLING.

    • WOW, huge volume today looks like breakout is happening NOW.

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