I have never personally benefited from a Seeking Alpha article. These guys are just like us: "wannabees" and I don't believe that they have any more expertise than the average investor. I recommend avoiding them.
I've made a lot. ALOT of money going long right after a short article was published in Seeking Alpha causing a stock crash. I've seen this in Ebix, LLEN, and NQ this year. HK is approaching the point where short articles seem biased towards the short side. Theres money to be made
Yes thanks for the heads up. Value Digger is right on. Management has been deceptive. You can't count on anything they say or do. They may have bought stock to drive the price up but the Chairman/CEO doesn't even own 1% of the stock.
quipper.........you are quick to quip, but are reading the tea-leaves poorly.
A lot of what the company does in a rapid expansion like this, is confidential. Floyd can't and shouldn't be exposing all his land deals and well results. This is why there exists the system of "tight-hole" status.....and delayed reporting on well results.
A company that is buying up acreage needs to keep quiet on price per acre, # of acres needed, # targeted, and the geological results of testing acreage in a desired area.
I don't know how significant it is, but the book value is over $6.00 and management owns 54% of the shares and are buying recently. I am basing this on Yahoo Finance info. Don't know how accurate it is. Regards