Haven`t been here in a while. Congrats to those that stayed long. I bailed at $1.00. Read the earnings report. It`s like they release the same report every year, They just change the date. Buyback was a gift for you guys. No income and no earnings, No drilling scheduled either. Just management milking the cash as usual. Do yourselves a favor and sell before they buyback all the shares. Once they are done its back to $.90 for this stock.
See ya next quarter.
I have been in and out of MPET since 1998. I always held out hope that they would straighten out their act. I dont call it an insecurity. It was more like blind faith. I finally gave up completely last Nov. I did nearly double my money when I took my MPET money and put it all in Delta Airlines.
A little research my friend. In 2008 when MPET bought Nautilus for practically nothing, who was the CEO of Nautilus. Wilson. Hastings was targeting other small compnaies in Bakken until he was sidetrack with dreams of being a Methanol king.