Under announced and to over perform is the matra of NEN. This has been mentioned by the CEO previously and the management are quite transparent on this. Granted it does catch the market unawares for those ho have not followed NEN. But the the extra drilling and substantial hydrocarbons, well they have delivered again. I am not religious however, god only knows what they will pull out of Vietnam. I expect this will be Q1, 2013 however I have no qulaification on this.
If this was a bullmarket NEN would be $1+.
NEN Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held