I've bought some today & am now aboard the good ship Neon. Prospects look very good to be one of the few junior oilers that can get production up significantly, to be able to generate a decent bottom line profit.
Many oil/gas companies keep finding plenty, but it's all chewed up with their ongoing development & exploration drilling. NEN has a few great prospects that can jump it to decent profitability. Management (all important to my evaluation process), seem to be very good & are managing things well. There are always problems with resource companies; it’s how management handle the problems that sorts out the winners & losers.
as usual; CAVEAT EMPTOR - risk in all Investments. Everyone should seek professional advice & not make investment decisions based on what they might read on an Internet chat site, or receive from me (who is just an enthusiastic amateur). Remember, this information is probably worth what you paid for it.
Cheers, Ned.
NEN Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
