EEG 3.70% 26.0¢ empire energy group limited

breaking news - cuomo stalls on fracking ny, page-14

  1. 3,089 Posts.
    Excellent post MrMuzz. Agree with all of that.

    Keep an eye on AJQ, who are due for an announcement on the size of their recent discovery.

    Before Friday, USA time, we will know both whether German Courts have ok'd the ESM and much more importantly for EEG, whether QE3 is about to be put into action.
    You can bet the market manipulators had a hand in bringing down the EEG sp today, well aware of these imminent events.

    As far as I am concerned and imo, EEG is one of the best long term and under priced stocks on the ASX. There is still no logical reason (other than market manipulation) why the EEG sp should not be back at around 30 cents - which is where it was before the market pull back in early May 12, on the crisis in the EU.
    In other words, the current sp has everything to do with market manipulation, given EEG's cashflow from all it's assets and it's huge potential from all it's assets (NY State being one part of that potential - but not the whole story).

    All of the above is my personal opinion and is not investment advice of any kind. It is an opinion based on Company announcements and presentations to the ASX.
    As always DYOR.

 
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