Archive for May 9th, 2007


09
May

Contango Oil & Gas – Still Undervalued

Contango Oil & Gas (MCF) – $33.65 – How sorry I am there aren’t options on this one. The stock has been much stronger than the group for the last three days now on 3x normal volume. They had a great quarter to be sure but I haven’t heard anything other than the usual “it […]


09
May

Endeavour Petroleum – 1Q07 Results Exceed Meaningful Expectations

Endeavour – They said they beat estimates with $0.02 after adjustments. I show conensus of $0.03…which probably has the four guys who follow this thing all aflutter. I could care less. The quarter was excellent. How about things that matter? Production: 10,144 Boepd (part of that outperformance is due to liftings being higher than production […]


09
May

Wednesday – A Build In Gasoline Stocks?

Oil: Rebounded on the confirmation of news that MEND had indeed bombed three pipelines in Nigeria and promised in an email sent to Reuters that they will continue to explosively express their disgust with both outgoing president Obasanjo and president elect Yar’Adua . Some things never change. Between the pipelines shutting down the Brass export […]

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