just a matter of days before it spikes back. Current market cap is less than the profit they earned in 2014. You will look back in 2016 and hit your head if you don't load up.
API data show weekly U.S. crude supplies up 1.8 million barrels The American Petroleum Institute late Tuesday reported that crude supplies rose 1.8 million barrels for the week ended May 29, according to sources. Analysts surveyed by Platts forecast a 2.4 million-barrel decline. July crude was at $61.01 a barrel in electronic trading, down from the $61.26 . The more closely watched Energy Information Administration report is due Wednesday.
x3 is very conservative, if ESI maintains profit in 2015, ESI will be over 100 by next year. It is highly unusual for a profitable company to trade 10 times below its yearly revenue. Even the crapiest companies running in loss trade at 2x revenue. Either way we are looking at 2000 to 3000% return from current price.
There is a remote chance of taking over SA but ISIS may turn ISIS into IRAQ or Afghanistan. That will be a huge disruption.
based on conservative x3. Current valuation =80mil. That means ESI has a potential of going 3000% by next year. I will settle for 100/share and thats where it is going.
OPPORTUNITY IN 2009-2011 market crash because they continued to look into today and past instead of tomorrow, 2 years from now people will be looking back and crying why they didn't buy these cheap oil stocks when they were at the very bottom.