EnerJex Resources (ENRJ): An updated Net Income & Cash Flow Forecast model has been posted under the Watch List Tab. ENRJ is in our Small-Cap Growth Portfolio.
Q1 dip in production primarily the result of a dissolved partnership and weather related delays up in Kansas. Production should ramp up the rest of this year. Their goal remains 1,000 BOPD by year-end 2014.
Note that I have lowered my valuation a bit, but still well above the current share price.
EnerJex Resources (ENRJ)
EnerJex Resources (ENRJ)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group