Encore Acquisition Company  (EAC) Trade Now »     Rate EAC  -  Discuss EAC  -  Add to Watch List        

1. Adding to EOG Resources (EOG) which has now fallen from $134 to $106 in under 2 weeks, now sits at its 200 day moving average. Taking it up from 0.9% stake to 1.7%.
   
2. Encore Acquisition (EAC) is showing some nice relative strength and refusing to sell off below the 50 day moving average of just over $64. Doesn't mean it won't, if the sector continues to break down - but so far it has not. So adding some here in the $65s and pushing it up from a 1.3% stake to 1.7%. As always, buying a stock like this near a moving average involves risk - the stock could break down

Encore Acquisition Company engages in the acquisition, exploration, exploitation, development, and production of oil and natural gas reserves from onshore fields in the United States. It holds interests in properties, and oil and natural gas reserves located in the Cedar Creek Anticline (CCA) in the Williston Basin of Montana and North Dakota; the Permian Basin of west Texas and southeastern New Mexico; the Rockies, which includes non-CCA assets in the Williston, Big Horn, and Powder River Basins of Montana, North Dakota, and Wyoming, as well as in the Paradox Basin of southeastern Utah; a

EAC surprised by 27.71%, or 23 cents per share, reporting $1.06 compared to analysts' estimates of 83 cents per share. Encore has beaten estimates the last four quarters by an average of 28.74%.

The company continues to be bullish about the rest of 2008 as crude and natural gas prices remain high and producti

Encore Acquisition Company ( EAC ), an independent exploration and production company, is in the hot energy sector and has seen its shares trade up sharply in recent sessions. Brokerage analysts have been raising estimates as crude and natural gas prices stay at elevated prices.

Two out of five covering analysts raised for the first quarter in the last week by one cent to 82 cents from 81 cents a share. For the year, analysts are equally as bullish. Two out of six analysts raised consensus estimates in the last week by seven cents to $3.38 fr

Encore Acquisition Company ( EAC ), a Zacks #1 Rank (Strong Buy), is engaged in the development of onshore North American oil and natural gas reserves.

Based in Fort Worth, Texas, Encore has acquired high-quality assets and grown through drilling, waterflood, and tertiary projects. Encore's properties are located in the Rockies, which includes the Dakotas, the Mid-Continent, which includes Oklahoma, and the Permian Basin which includes New Mexico and Texas.

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