Investors should now turn their attention to the stock they should be holding over the Christmas period ENCORE OIL!.
Much has been written on the company by the Blog which first highlighted the potential many many moons ago when the stock was trading at about 40/50p. Investors have had an awful long wait for movement re’ the rig’s weather window but at long last, as confirmed by the blog, the GalaxyII got underway with Commencement of Drilling Operations on the Varadero Well on 18 December.
Now a good result here for all involved will substantially increase their SP not least Encore’s which is still way under-value. It’s only a matter of time before Encore’s sp explodes again breaking out of its trading range (110/130). The company is 4/5 days into a 20 day drill cycle. What’s the betting that news begins to filter out 1st week in 2011? Encore oil are still way under-value they should be trading at 200p minimum. Set your target for a 300p minimum on takeover news alone. My city sources know that Encore’s break up value is substantially more than 300p. These are the going to fly yet again.
Just hold your stock and wait!