fracking in new york green light?, page-22

for what it is worth, AJQ is overdue for their next announcement on the NT drilling. So that could be the next leg up for EEG. (Go check on the AJQ forum on HC).

Either way, and in my personal opinion, EEG is still vastly undervalued - 30 cents plus would be more realistic.....with out any more announcements. This is roughly where the sp was headed before the Euro zone crisis. The ASX is still one third below the late 2007 level, unlike the DJIA which has already got there. (ASX around 6800 points in late 2007; DJIA around 13,000 points in 2007 - you can Google it if you don't already know).
Just shows how stuffed the ASX is thanks to (imo) weak regulation; high frequency trading; bots and 'dark pool' trading (among other things). Only now are ASIC and the ASX regulators waking up from their slumbers to the reality of what is happening ..........and starting to move into 'panic mode' (as evidenced by recent articles in the 'Australian Financial Review' and other media coverage lately - new rules are coming, apparently).
The regulators are probably only being saved from disaster and their sackings (not to mention proverbial 'riots' by retail investors) thanks to an equally weak Govt which also, apparently, has no idea what is happening in our sharemarket, imo.
Wonder what will happen to the Aussie sharemarket if the majority of retail investors take their money elsewhere?? I did see one article recently on the online version of 'The Wall Street Journal' where this scenerio was discussed but in relation to the USA markets.
Feel free to disagree with the above - and argue your case. Would prove an interesting discussion.

Anyway, moving on......with positive announcements on either NY or NT leases and the EEG sp could really fly, despite all the market manipulation that happens here in Australia.

All the above is my personal opinion. DYOR.