Until this company proves its reserves and not until this country adopts a new attitude towards natural gas will entities like EVEP prosper. Mere hope is not what makes one money. Unless of course you can find a few suckers along the way. Which I'm beginning to feel like owning this POS.
FYI, a large institution purchased 1,000 of the Jan '13 90s at $1.50 today - I know because I purchase 25 contracts at $1.20 after they came through. Obviously, someone willing to put down $150k has conviction -right or wrong. The stock is currently assuming about $5k per acre for a potential Utica monetization. I am more sanguine but time will tell.
I agree. This stock is a pure speculative gamble. But with nat gas prices at decade year lows why mess with it? I got caught in it too. And not very happy about it.
Maybe some here no better but this is going the wrong way in price.