My interest into this company is slowing returning. With oil at all time lows, I get the feeling Brad Lingo is making the deals while he can so when the oil price stabilizes in a few years the company can take advantage of it.
Settling the Denbury issues was a big step. I wouldn't be surprised if ELK started looking profitable by the end of 2017. Still a long way to go but now at least it's pointing in the right direction.
ELK Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held