MarkBroom:
The shares are correctly valued, as the tape does not lie. I feel it is wrong to blame "shorts and hedge funds" for a share price that is lower than you think it should be. Shorts provide liquidity (somebody is buying the stock they are selling short, and may later buy the stock back from you), and I am not sure what your criticism of hedge fund is (I am surrounded by them here in the USVI).

ENG is an EVENT driven speculation. The EVENT is finding oil, (or, not finding oil>>>eeeks!). It has a great fall back position in its Congo interest.

I think your time frame (Q4?) may be a bit long, as we will know if they hit oil in the next 60 days.

It is important for all newbees to understand that ENG is a gamble, a bet, a SPECULATION. There is PLENTY that can go wrong, and do not bet with money that you cannot afford to lose.

Finally (and a little "catty"), but the spellcheck feature is the "ABC" icon on the right hand side of the toolbar.

Just a few humble thoughts from someone who has lost plenty, but still enjoys the game (and conversation) nonetheless.

Matt