OEDV moving
OEDV moving
anybody see any news? heavy volume, also.
Re: OEDV moving
well, after a 20% move the 10Q report came out with 2q earnings.
http://biz.yahoo.com/e/130814/oedv10-q.html
hope you accounting types will decipher. i saw an 80+% increase in revs y/y. looks good. what ain't good is report being tardy and insiders getting news before the world.
http://biz.yahoo.com/e/130814/oedv10-q.html
hope you accounting types will decipher. i saw an 80+% increase in revs y/y. looks good. what ain't good is report being tardy and insiders getting news before the world.
Re: OEDV moving
I was tied up all afternoon. I will take a hard look tomorrow.
OEDV is just along for the ride. Slawson Exploration is the operator in Logan County and they are first class. They have two rigs working in the AMI and a 3rd rig on the way. OEDV has 25% WI in the AMI with up to 400 low risk drilling locations.
All OEDV has to do is keep up until revenues are enough to cover their share of CapEx.
OEDV is just along for the ride. Slawson Exploration is the operator in Logan County and they are first class. They have two rigs working in the AMI and a 3rd rig on the way. OEDV has 25% WI in the AMI with up to 400 low risk drilling locations.
All OEDV has to do is keep up until revenues are enough to cover their share of CapEx.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group