| Double Eagle Petroleum Cumulative Preferred Stock Yahoo Ticker DBLEP Recent Price $22.25 Coupon 9 1/4% Current Yield 10.28% Dividend .5781 Approximate ex-dividend Date 12/13/2009 Dividend Payment Date 12/31/2009 |
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Double Eagle Petroleum is a energy exploration and production company located in Casper, Wyoming. This
company is primarily involved with natural gas production (98% of revenues).
This company is solidly cash flow positive and has been in business since 1972--the financials are difficult to read
because of various hedging programs and allowances for depreciation (depletion--this accounts for almost half of
the companies 'expense')
Here is a link to the most recent SEC 10Q filing for the quarter ended 9/30/2009.
These cumulative preferred shares have standard terms and are callable at $25/Share on or after 6/30/2012.
NOTE that these, like many preferreds, are very thinly traded and it is critical to use limit orders to control your
purchase price.
We encourage all potential investors to read the Double Eagle Petroleum website to fully understand the company.
company is primarily involved with natural gas production (98% of revenues).
This company is solidly cash flow positive and has been in business since 1972--the financials are difficult to read
because of various hedging programs and allowances for depreciation (depletion--this accounts for almost half of
the companies 'expense')
Here is a link to the most recent SEC 10Q filing for the quarter ended 9/30/2009.
These cumulative preferred shares have standard terms and are callable at $25/Share on or after 6/30/2012.
NOTE that these, like many preferreds, are very thinly traded and it is critical to use limit orders to control your
purchase price.
We encourage all potential investors to read the Double Eagle Petroleum website to fully understand the company.
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