Oil is a scarce commodity - and most likely the prices of oil are not going anywhere but up. Oil was up again overnight to around the $94 mark. ELK is sitting on a phenomenal resource here which has an incredible NPV - The share price is undoubtedly undervalued by at least 75-100% here.
Im expecting a $1.20 open - as forementioned i will be buying anywhere up to the $1 mark.