anand

Two Strong Energy Rebound Candidates

Kurt. What do you think about buying EPL here? Maybe below $3.30 a share? You use to like it.

It has good cashflow from operations. However only has $8 million in cash on hand . . . and its line of credit (30 out 150 million drawn) is tenuous with the global financial crisis.

It seems to cheap to pass up. If it could some how borrow $100 million and buy shares with it, that would seem like a no brainer.