Thursday, June 10, 2010

Nat Gas update: CRZO

Carrizo Oil & Gas Inc.
Thursday, June 3, 2 pm Eastern: 17.35
Thursday, June 10, close: 19.74
Gain: +13.78%
Candlestick analysis: "Hold" on buy at 18.20, June 3 (American Bulls)
Summary: Not much different from a lot of nat gas plays — negative margins and returns, $560 million in debt. Small float (29M) and nice growth (26%) appeal to momo traders.

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