It's good to see you posting some positive news about ELK for a change.
A pullback to $90 would be great. Northern spring is usually the low point for oil prices as they usually kick up again in summer and winter. That means an average of about $95 for the year is fair to say.
Considering that ELK had done an NPV analysis last year based on $45 a barrel, the $90-$95 will really boost NPV calculations.
I'll gladly wait for 2 years on this one.
Thanks again.
AND I SO ADVISE!!!
ELK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
