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88E - 88 Energy

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Have noticed 88E jumping around a bit on market actives lists lately and obviously getting some attention. Nice doggy gets a pat.

Interesting, especially with current oil prices climbing.
 
frugal.rock said:
Have noticed 88E jumping around a bit on market actives lists lately and obviously getting some attention. Nice doggy gets a pat.

Interesting, especially with current oil prices climbing.
Click to expand...
Next few weeks will either make or break
 
barney said:
Lol. You on this little fella Rock ??

Well done. Might ease a bit of "alternative" pain in a couple of others hopefully!

Gotta love "Spec-Land"
Click to expand...
Dont know why people hate Specs
lots to be made here.
 
( Updated and corected 03/30 9:00pm )
Final Calculation of PT Estimation
Hope All 88E StockTwits Family agree with this possible PT.

The both 88 Energy and MDM Permian Inc. have different financial figures and drilling process but I think it’s reasonable to guessing PT from comparing their outstanding shares and prospective Barrel of Oil.

MAXIMUM: $12.20
MINIMUM: $2.06
*Consider Merlin - 1 Project only. 88Energy found 5.5 Billion barrels of mean unrisked net entitlement prospective oil resources.

EEENF(US Stock market)
12.52 B Outstanding Shares
640 M Barrel of Oil

MDMP(US Stock market)
286.5 M Outstanding SharesS
540K Barrel of Oil

12.52B / 286.5M = 43.69 OILs
640 M / 540K = 1185. OS

1185 / 43.69 = 27.12 times higher PT for EEENF than MDMP.
MDMP hyped, three weeks ago, to $0.90

The current SP is $0.151
Divide by 2.

50 % was farmed - out to APDC (Alaska Peregrine Development Company LLC)

$0.90 x 27.12 = $24.40 / 2 = $12.20
$0.151 x 27.12 = $4.12 / 2 = $ 2.06
 
Decided to pick 88E as my April entry thinking it still might have a few legs in it. Came into the thread here and noticed you all talking about it!
I guess you figure it's done it's run.
Anyway, all I was going to say has basically been said above, hopefully the Operations Update will give it some more legs.
 
Beaches said:
Entry price of .007 makes it a 5 bagger by my reckoning

The profit on this one will definitely be in the exit.
Click to expand...
I believe my initial purchase was at 0.006
Subsequent ins were at 0.007 and 0.008.
5, 6 or 7 bagger...take your pick, doesn't really matter now.
8, 9, 15? Bagger? 100?

Isn't the profit always in the exit?!
For without an exit, does profit indeed exist?

@Joe Blow
Spammer needs a smack.
 
frugal.rock said

Isn't the profit always in the exit?!
For without an exit, does profit indeed exist?




This one more so than usual

There is likely to be big fast moves on this one that could go in either direction in the short term.
 
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