Corporate Profile
EEX is a Houston-based independent oil and gas exploration company with exploration and production activities in Texas, Louisiana, the Gulf of Mexico and Indonesia. Our mission is to increase shareholder value primarily through the drillbit, by continuing to build our growing onshore production base while pursuing a few large-scale exploration opportunities in the Gulf of Mexico. Our exploration program is balanced between relatively low risk, natural gas-orientated onshore reserve potential in south Texas and higher risk, large reserve potential prospects in the Gulf of Mexico. In the Deepwater, we are primarily focused on appraisal and development in the Llano area of Garden Banks. The remainder of our Gulf of Mexico activities emphasizes exploration prospects and leads that are emerging in the shallower waters of the Gulf of Mexico Shelf.
Address
EEX Corporation
2500 CityWest Blvd.
Suite 1400
Houston, TX 77042
IR Contact
Liz Bishop
Investor Relations
Phone 713-243-3111
Home page
http://www.eex.com
Preferred stock (10,000 shares authorized; 1,937 and 1,899 shares issued;
Common stock ($0.01 par value; 150,000 shares authorized; 42,487 and 42,496 shares issued
News Releases::
14-May-2002 EEX Partners With Amerada Hess to Make Deepwater Gulf of Mexico Discovery
1-May-2002 EEX Corporation Reports First Quarter Results
30-Apr-2002 EEX Schedules 10:00 a.m. EST Conference Call And Webcast
29-Apr-2002 EEX Completes Sale of Indonesian Assets
9-Apr-2002 EEX Completes Agreement to Sell Indonesian Assets
25-Mar-2002 EEX Updates Status of Bank Negotiations
25-Mar-2002 EEX Comments On News Article About Indonesian Assets
26-Feb-2002 EEX Discusses Preliminary Fourth Quarter/Yearend Results and Operations in Conference Call
22-Feb-2002 EEX Schedules 10:00 a.m. EST Conference Call and Webcast
22-Feb-2002 EEX Reports Preliminary Fourth Quarter and 2001 Results
8-Jan-2002 EEX Discusses 2001 Operations
Yesterday the stock closed lower (1.85), close to its low (sign of weakness) with a lower high and a lower low. A bearish gap occured, which may indicate a sell off.The volume is low. The security price is trending sideways.
Although the sentiment is bearish,I consider this a nice play at these levels...Keep in mind that energy plays does have a volatile record and must be monitored on a regular basis..
EEX was at a high of 4.70 last June,but the drop was contributed to the depressed gas markets...Energy analysts are becoming increasingly convinced that North America will see significant jumps in the price of natural gas over the next 12 months, and one by one they have been raising their price forecasts for 2002 and 2003.
It is for the above reason and the concentration that this company has in the gas markets makes this a nice play with positive upward share price potential in the next 6-12 months..This winter will play a major role for natural gas and EEX is postioned to be a player....
Have a good day and as always, apply your DD in a sound manner and invest intelligently...
ET
EEX is a Houston-based independent oil and gas exploration company with exploration and production activities in Texas, Louisiana, the Gulf of Mexico and Indonesia. Our mission is to increase shareholder value primarily through the drillbit, by continuing to build our growing onshore production base while pursuing a few large-scale exploration opportunities in the Gulf of Mexico. Our exploration program is balanced between relatively low risk, natural gas-orientated onshore reserve potential in south Texas and higher risk, large reserve potential prospects in the Gulf of Mexico. In the Deepwater, we are primarily focused on appraisal and development in the Llano area of Garden Banks. The remainder of our Gulf of Mexico activities emphasizes exploration prospects and leads that are emerging in the shallower waters of the Gulf of Mexico Shelf.
Address
EEX Corporation
2500 CityWest Blvd.
Suite 1400
Houston, TX 77042
IR Contact
Liz Bishop
Investor Relations
Phone 713-243-3111
Home page
http://www.eex.com
Preferred stock (10,000 shares authorized; 1,937 and 1,899 shares issued;
Common stock ($0.01 par value; 150,000 shares authorized; 42,487 and 42,496 shares issued
News Releases::
14-May-2002 EEX Partners With Amerada Hess to Make Deepwater Gulf of Mexico Discovery
1-May-2002 EEX Corporation Reports First Quarter Results
30-Apr-2002 EEX Schedules 10:00 a.m. EST Conference Call And Webcast
29-Apr-2002 EEX Completes Sale of Indonesian Assets
9-Apr-2002 EEX Completes Agreement to Sell Indonesian Assets
25-Mar-2002 EEX Updates Status of Bank Negotiations
25-Mar-2002 EEX Comments On News Article About Indonesian Assets
26-Feb-2002 EEX Discusses Preliminary Fourth Quarter/Yearend Results and Operations in Conference Call
22-Feb-2002 EEX Schedules 10:00 a.m. EST Conference Call and Webcast
22-Feb-2002 EEX Reports Preliminary Fourth Quarter and 2001 Results
8-Jan-2002 EEX Discusses 2001 Operations
Yesterday the stock closed lower (1.85), close to its low (sign of weakness) with a lower high and a lower low. A bearish gap occured, which may indicate a sell off.The volume is low. The security price is trending sideways.
Although the sentiment is bearish,I consider this a nice play at these levels...Keep in mind that energy plays does have a volatile record and must be monitored on a regular basis..
EEX was at a high of 4.70 last June,but the drop was contributed to the depressed gas markets...Energy analysts are becoming increasingly convinced that North America will see significant jumps in the price of natural gas over the next 12 months, and one by one they have been raising their price forecasts for 2002 and 2003.
It is for the above reason and the concentration that this company has in the gas markets makes this a nice play with positive upward share price potential in the next 6-12 months..This winter will play a major role for natural gas and EEX is postioned to be a player....
Have a good day and as always, apply your DD in a sound manner and invest intelligently...
ET
