I have been watching it closely for the last
couple of weeks. It hit a new high for the year today at
6 1/2! About every other or every third day it hits
a new year high. Volume is great at 1.5 mil+. It
has more than doubled since March. It is highly
recommended by a dozen brokerage firms. This has proven
potential. IFNY at this point is a wish that MAY come true,
despite all the dreamers.
I have read through the last few dozen posts and
I see your points rebutted only with personal
attacks and claims that all will be well when and
if.....You raise more valid points of concern than are
answered with notes or reports on progress on any of the
It's funny; these boards have been around now for
nearly two years, I guess, and I see recurring patterns.
Often on a board there is a small group of avid and
often well spoken supporters of a stock and its
manangemnet. Challengers get rude treatment. When such a set
of circumstances exists for a stock that is
languishing way behind its peers, it, in this case IFNY,
doesn't take off.
I put on a small position in
this company to get a feel for it. Not out much more
than the commissions, currently, but I sense there is
something wrong. Why can't STAN find a partner if his asset
is so promising? And why are oillaw's comments so
Canadian oil and natural gas companies are going
to have a gusher in the up coming months. Alot of
the hip is because of the U.S.demand on
Is there any Canidian firms located at LaBarge?
ignorance of the oil business and accountants and
lawyers shines like a bright beacon on a dark night.
Want to know what attorneys/accountants do for an oil
company. They simply maintain the ownership, make sure all
bills are paid, revenues are collected, taxes are paid,
royalties are paid and everythis is correctly accounted
Want an example - an accounting clerk forgot to pay a
$25 invoice on a well drilling in Oklahoma. The
company lost their lease for failure to pay. Another
company bought the lease for $12MM and made a fortune on
it. That's just one story. So unless you know what
you speak of, as Jim Rhome says, close your
May sound simple to you, but til you've walked in
another man's shoes don't even think about denigrating
his profession. I don't and you should be ashamed
that you do.
I really gave you more credit
than that, but your message sounds a little
belligerent, so I guess mine can too.
barrel polymer flood just isn't worth much on the
market. Think about it, what would someone be willing to
pay for a dinky little reserve that is using pretty
exotic technology to recover the oil.
around, companies have millions and millions of proved
producing barrels on the books already. What would a
500,000bbl addition do for them. Not much.
pin your hopes on a quick sale of Cherokee. Nope,
IFNY needs to focus solely on LaBarge and nothing else
until they see results from pilot project. Until the
wells start selling gas, they are just a pipe dream.
That's a fact of life.
Sorry, hype is making greatly exaggerated
publicity intended to excite public interest.
is no HYPE in my statements. I have made no
exaggerated claims. I clearly stated that there is risk
associated with IFNY�s endeavors and there are no
guarantees. It is up to you as an investor to do your
homework on the NG industry (read articles referenced by
these postings) and investigate IFNY�s potential and
decide if the risk is worth the potential.
I, like you, left here for a while to attempt to
profit elsewhere.(Didn't work out very well. LOL) But my
reasoning is this. Would you be better off with an
immediate sale of Cherokee in this gas enviroment or would
you be better doing a long-term development with gas
prices likely to drop at some point in the future. I
believe that we can get better value for Cherokee in the
next few months than the present value of the
long-term profits if we develop it ourselves. Cash proceeds
could then be used toobtain other properties/rights and
development strategies would again depend on market
conditions. In a short time we would be in a position where
we could effectively do large scale developments
with a quick ramp-up ability. I have to believe that
Stan knows this and that is doing all he can to wrap
this up quickly. Could happen anytime and that is why
I am back in. All opinion of course.
have walked away from this discussion a number of
e-mails ago if not for the personal attacks. I will leave
after this e-mail bacause it is more of the same hype.
However, I do find it interesting that no one can truly
refute what I am saying so they engage in personal
attacks. I for one will wait for true development to
Crunch the numbers on the Labarge property any
way you want. By the way that will become easier
after the annual report is published. There will be
cost analysis on the Labarge property in the annual
report. The bottom line is that when IFNY is totally
functional on a property containing 460+BCF of NG, IFNY is
going to be making a lot of money, not to mention the
Cherokee and Gillette operations. Yes, IFNY may miss some
of the sweet spot. Then again, indications are that
things will only get better for the NG industry.
Certainly, investing in IFNY does contain risk. There are
still risks pertaining to the Labarge property. Every
day risks are being eliminated with further
development. There is a risk that IFNY will not acquire the
new property. On the other hand you have the
opportunity of getting in on the ground floor. IFNY�s market
cap is only 17.5 mil. If you have been reading the
articles that I have been referencing pertaining to NG and
the possibility of NG being a great investment for
the next several years you can only come to one
conclusion: Investing in NG issues is a smart move. I
certainly would not advocate putting all of your money in
IFNY there are still risks. However, if IFNY
successfully develops the Labarge property with or without a
partner; if IFNY acquires the property they have been
pursuing for the last 18 months and if they are successful
in developing that property, if the Cherokee
property produces as indicated, IFNY investors will reap
huge returns. Yes there are lots of Ifs and it is not
going to be done over night but as IFNY continues to
eliminate risks your chances of getting in on the ground
floor are going to be eliminated.
For he comes by his ignorance honestly. He is a
member of an elite profession that can only make money
by taking it off the hard workers who made it in the
first place. I'm not sure which is worse, an accountant
or a lawyer. I have never seen either of them on the
factory floor helping to produce a product. I have never
seen either of them in the field helping to grow a
crop, and I did see one drive by an oil field one day
but he didn't get out of his Lincoln.
nothing personal I just like to have fun with some
people. By the way for you impatient lawyers, why does it
take years for some minor litigation to take place? I
have been involved in several minor lawsuits and if I
had a dollar for every time the attorney said, "We
should be able to settle next week." I would be a rich
man. How can you possibly throw a stone when you live
in a glass house.