Didn't you have some of that SSN...Samson Oil? It sure took a whipping today, I see. I was a little leary of it, but, hey...it is all a casino anyway. I dipped near the close on ENYTF, as it looks like another very good divvy play with good reserves. It seems undervalued to me at this point, and it has a high percentage of DRIP folks, so they are getting money by issuing shares to folks. I only dipped my toe, but I will see how it does over the months. Let me know what you think. Lightly traded so be careful.
dakine I have a position left in a IRA and today I added a position in my brokage account.
It is not for the faint of heart and is a pure gamble. Being a "liberal" I do not crawl back into the past nor hide in fear under the bed but go boldly and shoot the dice lol.
The stock once had the hope of being a big winner but that is almost all gone now. They own a position in one lease that has produced oil. They have repositioned themselves to try to "make it" on that lease and the down turn was caused by offering shares in a private placement to raise cash to drill. They will I think hit oil just not mountains of it as once hoped with their bakin and eagle ford leases but if they continue to find commerical wells that result in cash flow from the one area they are drilling I might double my bet.
Not great but what the heck I love to gamble. AXAS remains my main bet and I think I will be rewarded this year but again no home runs just good wells comming on line and each quarter will results in more production thus more revenue and more value to stock price. I see the price of NG hitting 5 before the end of the year and that would be a game changer on a lot of E&P stock.
I took a big gamble on CHKR today as well. It took a beating last week on revised downward reserves but as an income stock is now paying right at 19% which it will hold close too until 2017 by trust agreement. Get back 10 bucks of today 13.90 selling price in that time period unless the sky falls in. And that is All my gambles lol until I get more cash. Good luck to you.