Mike S. Newton, CIM FCSI
Epsilon Energy Limited
EPS-T
STRONG BUY
Apr 04, 2011
Fantastic company. Principally focused on gas currently. Just came out with phenomenal earnings. 4 o5 well are coming on stream this spring. Partnered with Chesapeake Energy (CHK-N). $13-$14 million in cash and no debt. Analysts have $6-$6.50 and the resistance will be at $6.25.
Had a joint venture with Chesapeake Energy (CHK-N) and has been going down significantly since. (Caller’s comments.) From a technical standpoint there is a little bit of concern. Chart shows a good uptrend but stock recently broke down through. Wouldn't necessarily sell now but would watch over the next week.