nice to see you back on this board Chief, and you bring good news. However, as usual good news brings disaster to the share price. There is no doubt in my mind that the price will rebound to over $3.00 soon. Now if Wiggler would return to share some of his insight.
anybody have any insight on why the big run up these last 2 days, Wiggler if you're still around on this board I'd like
to read what you have to write about this. The only thing that comes to my mind is that somebody is anticipating good news on upcoming reports,
Sentiment: Strong Buy
if the company dropped 2+ million shares on the open market the price would have dropped like a rock. They (we) now have a little bigger pile of cash to work with, cash on hand is a very nice thing. Also the $3.5+ million is about what it costs to drill and frac a well and get it up and running with the necessary infrastructure. That thought gives me a nice warm feeling inside. From what I've seen happen in these past several weeks convinces me that management knows what they are doing
I did the numbers ,and with over 20 million raised and a present value at 1.93 we are several million ahead. The shares will rise and show a good return, that new infusion of cash will be well used
if someone has 10,000,000 in cash to throw at a very speculative stock, they don't need any ones sympathy. on the other hand if someone bough 5000 shares at $2.00 all they need to do is wait 'till tomorrow to be vindicated.
P S wiggler, I haven't noticed any posts from your good friend "pays for #$%$" lately
I agree wiggler, these people manage to get a lot of bang for the buck. This cash will be used to get a lot of oil to the surface and a big return for us. I snapped up another 7k myself
is there anybody out there in cyberspace that knows anything about this company. I know they were pumping oil a year ago but nothing is being posted about their recent activity
I looked into this about a year ago. They need to petition for admittance and the share price needs to be at $2.00 or higher plus there are some other requirements, I think to establish proof of stability
chief you've been a great news resource for a couple of years now, however, when you look into your crystal ball can you come up with progress on these permits, such as spud dates completions and well production
in May 2007 this company's stock went from about $4 & change to about $9. in one day. I'm not giving up for quite awhile. I see no reason to think that this co will tank and many to think it will survive, the main reason being that management, despite their mistakes, is trying to get this train wreck back on the rails