ENG ....SLEEPING GIANT
I still can't believe how much ENG has come off from its highs.
I can't believe how high crude is
ENG has been drilling for about 2 weeks now, when it comes to drilling, the longer the drilling is, the better.
Drilling offshore is expansive, and if the drilling isn't going well, offshore drillers can be quick to end drilling, so the longer the drilling, the better.
I sure luv, that as ENG is drilling for the biggest oil target any where, crude is just breaking out, and at current PPS levels, ENG looks very attractive.
Now with $50 to $100 PPS, just an oil discovery away, ENG looks like awesome risk/reward.
Just don't forget there is risk, and only play with what you can afford to lose, but if they hit, it''ll be a heck of ride.