People do not pay much attention to the nice steady volume of NG (free gas + associated gas) from the Miss wells. It is not only a cheese on top of a hamburger but also may soon becomes a main cash cow.
Almost half of the volume were bought the last 15 minutes.
Even the microcap OG company Touchstone Exploration knows how to live within its means. If you operate by using credit card to pay for credit card to fund your E&P programs, you'll end up belly up when OG price collapses. I am holding a few shares of MHR and I hope the new CFO would have more discipline. GMRXQ used to be GMRX and now has an Q at the end of its symbol. That's a good example for living with credit card to pay for credit card debt. Let's pray for the new CFO so we longs will be very long.......
Our company has changed the administrator for our FLEX spending account once each of the past five years and they were terrible until we changed it to WAGE last year. It's an excellent platform and we all love it. Love it so much that I bought a few hundred shares.
Why you guys bother to read his Articles.
Down 15 cents today, 15 cents tomorrow and 15 cents after that and 16 cents Thursday. By Friday, we will be below $7 again. Hope Not!
On one prone, BLFS keeps developing its own products and on another prone it keeps partnering with other niche company for exclusive right to market. This strategy will keep delivering record revenues quarter after quarter. Although the current stock run may be ahead of its growth, but I'd rather keep my shares and stay with the management strategies.
Mountain, but watch the oil price. It could go down to $85 a barrel. It was around $85 a barrel around year end 2012. If that's the case, all oil company stock will be hammered, especially small cap oil companies. I would get my money ready, including buying MHR or GRH (just because Gary Evans is the chairmen of both companies. I trust him).
Build a statute for Tom Ward for his vision of getting into the Miss play early will be very appropriate!
It may just react to higher natural gas price. It's over $4 for January contract. SD's Miss wells also produce pretty high gas volume and that's just another bonus to the Miss play.