I did throw up at $33 regained consciousness and decided it would be time buy some more. I am long and you are ..ong. Bidding leased acreage is part science and part luck. The fact that they have concentrated their bets in such a fashion indicates to me that they know what they want. BP was firing a shotgun and Remington was firing a laser guided missile.
Thanks for all the support from long time posters and advocates, it feels good to be welcomed by knowledgeable folk.
<<< That said, take a look at NOV and LUFK, they are suffering a similar plight. >>>
"Mighty", I put those two and added Devon (DVN) to a 3-month comparative graph. Look at poor DVN althhough 2005 EPS was $6.73, they are down about 12% for the 3-mo. period. See how all four move in unison with HELX right there in the middle. Are we that much alike?