While we are not excited about the sector as a whole, we are long Evolution Petroleum due to its ability to generate cash despite the low oil prices. Evolution
Great earnings report. Love the way these guys are handling things here
largest insider trading percent I have seen in a long time. but how to rebuff after the exdividend back up
This seems to be one of most financially stable and undervalued stocks in the entire energy sector Guess that's why Blackrock, Arrow Point and advisory research all added over 5% ownership last quarter
EPM appears to suggest upside opportunity given the relative strength index at 38.19. if you guys have questions you should ask awesomeSTO-CKS. They often respond to my emails which is helpful.
Why the 25% drop from 10 to 7.5?
Have to buy into EPM as the share price declines.
EPM is one of the best plays in the energy sector. Per barrel cost is around $20 and could lead to dividend boost is oil stabilizes around $50 for a few months. They have cash on hand to make acquisitions of good acreage as well. Anything below $5.50 is a strong entry point. My average cost is $5.74 right now.