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
Encore Acquisition ( EAC ) is an independent oil and natural gas exploration company with properties in the Dakotas, Oklahoma, New Mexico and Texas. EAC, a Zacks #1 Rank (Strong Buy), reported first-quarter earnings on May 7 that once again blew by Wall Street estimates.
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
This North American exploration and production company is riding the commodities bull to new heights.
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.
In spite of the recent selloff in the energy sector, most of these stocks are still trading with big gains on the year. This stands in sharp contrast to stocks from the financial sector, which have suffered steep losses as big banks have been forced to liquidate assets and raise capital to support their balance sheets.
Because these two groups of stocks have functioned as polar opposites during this stretch, it has provoked many conversations about which is currently the more attractive i
Just revisiting a name we owned in the natural gas play that has earnings out today, Encore Acquisition (EAC). One of the reasons we jumped in was the potential for a buyout offer as the company clearly stated [Jun 18: Will Encore Acquisition be Bought Out?]
Onshore oil and natural gas exploration company Encore Acquisition Co (EAC) said on Wednesday it was exploring strategic alternatives, including a possible sale.
The Fort Worth company, which has acreage in the Bakken, Haynesville and Tuscaloosa Marine shale plays, said Lehman Brothers Inc has been hired as adviser.
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
Here is the open question - much like banks, these "commodity stocks" will bounce. What do you do on that bounce?
Will they mark a new leg up or just a quick reversal that hot money will sell into? I am (for now) betting on the latter. And if I am wrong, then one can always pay up (buy higher), giving up some gains along the way.... as a real trend will last for a long while.
I heard a striking fact this morning - the last timeXTO Energy (XTO) traded at these levels crude was in the $70s and natural gas was in the $6s. The former is now in the $120s and the latter in the $9s. But the st...
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
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About Encore Acquisition Company
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Michael Vodicka, 
