Will Encore Acquisition be Bought Out?

By: TraderMark Wednesday, June 18, 2008 1:00 PM

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There are so many exploration and production companies in the oil and natural gas space (most have some mix of both oil and natural gas, but are heavily weighted towards one or the other), that it is near impossible to keep track of them all unless it was your full time job. That said, one name that keeps popping on my screens is $4 Billion market cap Encore Acquisition (EAC), aka the artist formerly known as $2 Billion market cap Encore Acquisition.... 3 months ago. As they say, a picture is worth a thousand words; this is a 100% gain in under 90 days.

Now for the 1000 words ... ;)

Why do I highlight this name at this point since the horse is FAR out of the barn? Well even after this 100% gain, the company believes its assets are undervalued and potentially could be putting itself up for sale.

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6/18/2008 8:23:29 PM EAC by RD I had no idea EAC had bakken exposure. Thnks for the info RD http://www.bakkenstocks.com Reply Rating: (0) (0)
6/18/2008 8:23:29 PM EAC by RD I had no idea EAC had bakken exposure. Thnks for the info RD http://www.bakkenstocks.com Reply Rating: (0) (0)

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