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Endeavour International - Endeavour International Corporation is an oil and gas exploration and production company focused on the acquisition, exploration and development of energy reserves in the North Sea.
Earnings call on Tuesday, November 3. EPS is -.02. It recently drilled an empty hole that cost them $3.5 million. The stock price has already been damaged for that news. Earnings should be as expected. I am not disappointed from the dry hole since END only had a 20% interest in it. It has a 60% prospect in its next two drillings. They have eight more drilling sites, chances are that one of them will be successful. Earnings data should be as expected, but the future outlook will drive the stock higher. Thomson Financial recommended this as a strong buy YESTERDAY. I look at this as a damaged stock, not a damaged company(as cramer would say). The results of the next two drillings should be out in the next two weeks.
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