Hero has been undervalued and a prime bear raid target for the past year. Now we understand the crisis is Iraq has just started. Obama left a region wide open to revolt and crisis. Now there is no way to counter this revolt. The rebels basically own the banks and have the money to fund a full blown revolution. Current government leaders will be executed. Uil will go to 140.00 by July 4th. US stock markets outside of oil will crash..
Hero will own the Gulf .. Drilling rates will soar.. 9.00 by July 10
Iraq has nothing to do with wake up on HERO stock.
I do not think anybody like me would like to see $150 oil price and another catalyst for short sellers, day traders and hedge funds to crush markets - they are pretty good at that!
As of Dec. 2012 the U.S. imported 4.8% of it's oil from Iraq and it has dropped since then. The USA stands strong in Food production and Military strength. We export both. Our Achilles heal is we are not 100% energy self sufficient. WE will soon be exporting Natural gas, but we lack sufficient oil production of the high quality oil we require to transport goods and people. We also lack refineries to refine some of the oil we produce.
Refineries are either being built or designed now for the first time in decades. Our Gov't is now promoting drilling and actually fining companies who purchase leases and do not develop them for the first time.
1//3 of the Mexican Gov't is supported by tax's on their oil and gas and corruption has hit this income hard and they are cleaning up their act and in desperate need of new wells in the GOM.
All this fairs very well for HERO. (and it's shareholders).