I don't pump stocks.. I am not going to be in Brownstone to the same level of DEJ because the timing is not there. also the company has some real geographic risks. But its risk may be high but its reward potential is high. DEJ's risk potential is high and its reward is mixed to low. Its just the nature of domestic US natural gas..
Yes.. brownstone is incredibly hard to buy and sell.. Its harder when it ticks down to buy..
That is the whole point. Get into a fundamental buy earlier than everybody else. Sooner or later folks kick in..and bid up the price above the value. That is when its time to sell. I don't care if it takes one year or two years.
Brownstone is great..
300-400 Barrel/Day Net
90M in assets
Low Stock Price
Market cap <38M
Bad news - One dead well..
Essentially you are buying $3 in assets for every $1 in stock..
Compare that to DEJ..with an almost equal market cap. 14M Debt to support a presently non-economic natural gas zone plus 1 Dead test well, 1 poor replacement production well (no 3). Add to that bagholders who purchased at 40-50c.