scs you may be able to spell an use good grammer but you clearly are not very good at reading and understanding what you have read. IF you want some legal facts on the cases filed under the miratory bird act google it and read ALL that has been written about it and you will find that fschwedman choose to pick and choose his view of the law.
First some facts. The US Fish and game commission files cases of violations of criminal and civil law within a Judical district that the violation happened. The US Attorney NOT the President or the Atty gen then makes a decision to go criminal or civil or not pursue the matter.
In the case that fschwedman mention was decided by federal Dist. Judge and is binding only in that Dist. The Gov can decide to appeal or not.
Clearly you are NO legal expert and as I hope you realizied by reading the post that I was pointing that out lol. The fact you can spell or use proper grammer clearly does not help your reading and comprending skills or your communication skills either.
The Fish and Game speical agent who discovered the dead birds also found what he considered a violation of law. Was he under orders from Obama? He presented the facts which are not mention in any post I found but was known to US Attory Office and did come out in court to an ASST US Attorney who decided he agreed with the Agent that a violation was present
the US Attorney would have to agree or at least allow the case to go forward.
A US Attorney does not work for the Attorney General for your information. His staff answers to him first and the Dept of Justice as well but case decision are left to the US Attorney who is hired and fired by the President only.
The judge that ruled on the case was appointed by
GW Bush in 2002 so I guess that is non political but the actions of the US Attorney Off are?
Fact could be that both acted in good faith. They merely disagree on what a violation is in the case.
scs look scs you may be a frustrated English teacher but a law expert your or fschwedman clearly are not. Have you ever testified in Federal Court? Have you ever prepared a criminal case for Federal Court? Up on the stand where I have been over a 100 times spelling is not an issue but facts are.
INTENT and MOTIVE are ELEMENTS of a case in both civil and criminal law cases. Have either of you two so called legal expert ever watched a wind turbine in action? It depends on the size of the turbine and speed of the wind as to how fast the blades turn. It is not the INTENT or MOTIVE of the blades to kill birds. The folks who REGULATE where and how many and how spaced the Turbines can be do indeed take such matters into consideration when granting permits.
IF you want to look at bird killering Turbine look at the smaller ones found on homes or small business which are installed without or with little zoning or enviroment consideration. None is required to hang a wind turbine off the back of a sailboat but a wind turbine farm is another matter.
You right wing nut jobs just look for any thing to attack Obama.
Do you nut jobs really think the US ATTORNEY's OFFICE under GW Bush went around putting people in jail for killing birds with wind turbines? If so site me ONE CASE.
You better stick to spelling and Grammer since Law is clearly not your field.
fschwedman did in fact go political on this issue and you defended him so birds of a feather are flocking together pun intended and your feathers are mottling.
The news of the sale at such a good price since no way AXAS paid that for the lease show just how much pressure thier is on this stock. KOG and AXAS are both being played to the max both will break out once the MM boys have made whatever they are going for here. I remain more LT and more at ease on AXAS.
This one is no Giant to be like XTO did or even CHK but thier is nice money to be made off of AXAS into the next year. Oil Must remain at or above 90 and NG at least around 4 to reach 6 but with good well results 5 is almost a sure thing.
scs Chris Matthews is a liberal and admits it. He was a big "pusher" of Obama as was MSNBC during the primary of Hillary vs Obama. So I agree with you that MSNBC and Matthews have in the past been "Pro" Obama. Can you admit that Fox is just the opposite? They attack Obama at every turn and support any GOP that is running against a Demo. Openly bias in their coverage as they rarely have any guest of the "other side" and pitch soft balls or more than not T ball to GOP types. Wallace does on occassion get down to as what passes best as a real news interview of GOP types but even him throws soft balls as he works for man that knows how to make money and keep the Right on his side and no one is going to interfer with Rupert making money off the right and lets face it Rupert is a rightie himself.
Hardball is by far a lot "fairer" show than any on Fox as having guest from the right and banging away at issues or personalities is more the format of that show. It is not a true news show but sadly what passes for news today is little more than yellow jour. tactics to appeal to those on right and left. Talking heads each day appear and are experts on whatever the show is about. OReilly and Matthews neigher one are "experts" on what their shows cover but a least Matthews does have guest that will be more expert than the host. Anything a show goes political the truth and facts get lost withing the burn and frame of political objectives and NO effort is made to get a real expert to explain what the facts are especially when the facts go aganst the agenda of what the networth wants to push. To be honest most of the public would rather hear somthing that supports their political side than have to deal with the truth and it be against what they want to believe. The "news" merely tickles ears of those who like to hear one side only.
fschwedman there is a difference between accidental and breaking the law. The endangered secies act was used in the 1980"s to close a toxic waste disposal plant that state and EPA had tried to close for years.
A Federal Game warden found some dead ducks in a dump poud that the plant used. Had them taken to a lab and found prohibited chemicals in their bodies. The plant was locked down shut within a week as the US Attorneys Office backed the Game Warden's criminal violation case of the Endangered species act. The plant was willing to pay small fines that the state and the EPA had put on them therefor admitting to guilt on its dumping practices so when the Game Warden found dead Endangered Species in dump ponds it was easy to shut them down. After shutting them down a Search Warrant was issued and the whole plants records and operations were exposed and found so many violation that the co. went BK. They had been taking toxic waste and calling it non toxic and burning it into the air with humans exposed to the waste.
Humans didn't matter but Endangered Bird Species is a different story. It was a deliberate breaking of chemical waste laws that led to the death of the birds not some accidental death. If Big oil is not keeping their fracking pounds and recovery ponds within EPA guildlines and Endangered Species dies as a result of deliberate non complaince then it is a clear violation of law by the oil companines.
I doubt that any wind power windmills would be allowed in the known pathway of Endangered Species and thus any deaths would be a simple accident due to a bird not flying where it normally would fly. I can assure you even in Texas there is NO wind power windmills by the Whopping Crane protected area nor will it be allowed. From time to time a goose hunter has been known to accidental shoot down one. If they report it they will pay a fine but it will be small. If they do not and are caught the fine larger or jail.
Pt 3 No such thing as a living wage? Was you born rich? how anyone who was not born well off could make such a statement is beyound me. Let me give you a hint. When you work three jobs because no two jobs will provide what you need then a living wage is not being paid at any of the jobs.
You have it all figured out about skills and service and value and wages just like it says in the text books eh?
Well the real world has a little added thing called Greed and selfishness that figures into you text book ideas.
You cast ALL walmart employees as UNFIT or Uneducatied, or unqualified to work anywhere else so low pay is all they should get. Want some real world? Walmart opens up a store in a small town in Texas that supports a city of 3,000 with rural folks around it of about the same or little more pop. The town over the years has been the place where mon and pop stores have supplied the needs of the community.
Walmart in a period of time has put most of those small business out of business drive through any old Texas small town and see the empty buildings that once was business dist. Walmart buys volume and puts pressure on suppliers to sell to them for less at better terms of credit because as Walmart they can.
Walmart pays its employees ALL of them less than what mom and pop earned and what a few workers they had made but now Walmart IS the JOB market. You either work for them or move or drive 75 miles to another big town for a job. Mom and pop are gone. Oh well feel bad when we run into them at church or some other place but by buying at Walmart since they had everything and we are lazy and Walmart is cheaper since they buy China or get low prices by volume we sold mom and pop out. The school teacher works at walmart to make up for low pay at school. The ranchers kid works there to help out and save for college neither are what you say they are but no other dog in the show. The same happens everywhere small town or large city. Real life
raouldes part 2 "Further, you cannot legitimately compare English or French monarchy to free market capitalism" Wait a minute Monarchy or what ruled in Franch and England after the King lost power was indeed Government. The business model was indeed capitalism. It was not soicalism or communism so you tell me if not capitalism what was it? You say this of unions "It is only when unions obtain an advantage in the labor marketplace over employers by the force of law that liberty is restricted. EXCUSE ME?
You not I stated that the Liberty was purely Gov. now you say somehow unions can restrict liberty? Whos liberty? Are you conceding that Liberty is not the sole function and limits of Gov by your union statement?
If so fine if not you have a 180 degree logic fault in your idea.
"In capitalism, the poor only enrich the wealthy by enriching themselves. The wealthy are only enriched if they make wise decisions and invest their capital in ventures which satisfy the desires of the populace. This is the mechanism that gave rise to the greatest rise in the standard of living in history." If you actually believe this this I do not know how in the light of history you can. It was Gov. laws won by voters who were the helpless victums of monoploies, price fixing and violence at the hands of the robber barens who care nothin what the "populace thought" Again the liberty of Big steel, big transportation, big coal, big anything they wanted that was reigned in so that Liberty for workers could be obtained. Unions played a role in this to focus the light on child labor and unsafe working conditions as did the churches to turn public opinion into votes that resulted in laws that stopped unregulatied capitalism from doing what they wanted how they wanted.
A study of history especially the coal and steel industry will give you insight as to how it was capitalism not Gov. that took away workers liberty. Quit or do as I say is the only answer capitalism has. Pt2
raouldes sorry I missed your post as it was under Walton family instead of addressed to me as I had asked and expected but non the less... by the numbers
Point one "Liberty" is a concept that relates ONLY TO GOVERNMENT POWER OVER THE CITIZEN (please forgive the capitalization but without the ability " Interesting conceptual idea but fails the reality test.
You limit Liberty solely to Gov ( I suppose you mean laws) The Gov. does indeed have laws that does limit what you can do so on this we agree. But Liberty is far more than Gov. laws in the real world. The ability to do and enjoy what a Gov. allows you to do is limited by your ability to do hese allowed behaviors. ie money, physcial, commentments, responsibilities all effect our liberties even those allowed by Law.
'Capitalism does not operate without rules" "Capitalism is natural. It is human beings exchanging value for value freely and without coercion or force" Two lovely statements and both totally untrue. Again if you are talking about some lecture in a class room those ideas might be advanced but go tell Wall street or Globalist that those things are true. Explan to them the "rules" of capitalism. In the USA we have labor laws that takes away the LIBERTY of Corps and business of capitalism to exploit children and other forms of labor.
Those are Gov rules not Capitalism rules. Go to China and see if capitalism has those rules. Go tell the big agro companies of the world that your idea of free trade without coercion or force. WAnt to google the Agro business giants and find out how many times they have pleady guilty to price fixing enforced by USA laws (again the Liberty of AGro business giants to take as they please from you) The laws are not capitalism but USA laws. Capitalism allowed big business men to hire "private security forces that killed workers" to maximize capital. AGain US laws said that was wrong but in 3rd world force is used by Capitalist daily.
end part 1
scs you and grumpy are truely two peas in a POD excep Grump is up front about it I will give him that. You just can't deal with the idea that you do not rate with me enough to do even a spell check can you. Well YOU DO NOT. I who in your eyes because at age 67 do not care any more about spending time in my response to your selfish way of thinking not to mention unscriptural want to use me as a reason why you being a selfish small person want to find fault with spending money on the school system. You can't bare to think that someone who will not adjust my writing style and use of time to suit you did ok
for himself in this life and much of it because I figured out early on in life that people like you do not to invest tax dollars in education so being a teacher would be a poor paying thankless job. If you think the world is bad today think what it would be like without public education. Which in Texas the GOP party has made it a pay for showing up school system which cost school money to expel the kids that need kicking out. In the GOP mind having a body at school is worht x amount of dollars and the fact that the schools and teachers and other students could do a lot better if 20% of the pay by body punks were expelled. Instead they are sent to some dreamed up name where all "problems behavior kids" set all day doing what they please and the state pays for it and gets nothing for their money. The GOP thinks it is smart to cut money per student across the board not caring or even thinking that many of those they pay for do not need to be in school.
That is not only minority schools either. Discipline has went the way of pay for student body to show up at school and fear that little johnny's parents will sue if expelled or disciplined.
Throwing out the spelling and Grammer on your part is an old dodge used before on this board so be creative in your next attempts to dodge how about it?
Liza I think your pricing of NG is off. If you look at the storage numbers they have now went under the 5 year moving average. Of the last 5 years 3 of those years has larger storage numbers at this time. NG production overall is up slightly but storage numbers continue to drop which means demand is increasing. With fracking and most oil wells drilled today with NG prodcution also in mind is why production is up. The number of NG wells is very low and any increase in NG wells would be due to higher prices in NG.
Now I agree with you that what is key to CHKR is not the price of NG but what they sell their NG for. CHK has LT contracts with LNG plants to export LNG and not sure if some of that NG is comming from CHKR or not. I have said many times that my biggest regret in owning CHKR is that CHK is the Trustee. Frankly I do not trust them given their past history. Selling NG at over a buck under the market price or more is one sure sign that CHKR or CHK in reality does not get the most out of CHKR NG in how it is marketed.
Nothing but a class action law suit with audit would reveal why such a huge difference is found from market price and CHKR selling Price. I know their line of excuses but as I said only a full blown audit would produce real answers. Ghost expenses are a long running habit of the E&P sector and not just CHK but in most compainies as well. Royality holders have in the past sued and won huge settlements when Big Oil and Gas was caught stealing. Stealing is a way of life in the oil patch and has been as long as oil has been in demand. The Federal Gov even got robbed by Big oil royality tricks so a few small fish like CHKR bag holders is easy pickings.
All that said the price of NG down the road will increase not decrease as LNG exports drives up demand even higher. I believe you will 5 buck NG before you see it at 3 again.
If it goes up to 5 even chkr will have to get at least 3.50 for it.
grump first where we agree at least to a point. I think medical prices might be lower if we could shop.
However Dr.'s have the strongest union in the world and do allow this to be done. Dentist do as does other kinds of medical cost but not Dr's. Hospitals and other clinics also are not in the price shopping business either. So instead of expecting that to change I favor the Gov. imposing a price limit which they do with medicare and medicade payments. Nothing is stoping Insurance Co. from mirrioring those prices except they want your business and try all sorts of ways to woe you to buy from them. You never know how much your insurance pays the Dr until you get your first bill.
Now a correction. The Greed part of Walmart lower prices was directed at Walmart and not shoppers.
Walmart in order to attract shoppers pay their employees lower wages make higher profit margins and appeal to you and me to come in and save. Yes we do indeed have a greed based motive when we look only at price as the only decision to buy from Walmart.
If you think there is no homeless and folks just flock into shelters for enjoyment then go to one and see how much fun you have. My post was about homeless who are indeed homeless and do not where their next meal is comming from. So they beg, go to shelters, steal and do harm to other homeless.
Being Prudent can be another word for not caring about others. To be purdent knowing that slave labor, child labor and other kinds of oppression of working people is to be an aider and abettor of the crime against humanity. To try to justify it by saying it is better for you is both Greed and selfishness. You and I are both guilty if we do not care why the price is lower only that it is.
scs a wonderful non judgemental post on your part lol. Glad to see you throwing your stones at least your getting ride of them.
Yes indeed I am product of Public Schools. And in matters of importance MY SCHOOL would of kicked your school behind in the really important thing in Texas Friday night Football baby. Our head coach was
O. A. Bum Phillips. We took our football very serious.
Lets see did I know the difference between taking an English test or turning in English papers from a message board? Did I think that my English teacher was more important to me than you are when it comes to preparing a paper? If you think I care what your opinion of my English abilities are when posting on this board then you are mistaken. I will agree that perhaps a person who is an expert at spelling and grammer and who devoted their lives to trying to teach others those skills should be paid more but the reality is that folks like you do not want to pay teachers more or even want public schools. But alas they don't. So instead of being a History teacher like I wanted to be I ended up in a job that paid 3 times more money than they made. Life is not fair is it? The reality is that a personal choice to teach does effect the family of the teacher proving again how wrong your idea of fairly land really can be. Why would anyone teach English when they could make real money and take care of their family better? Oh I guess all English teachers in public or private schools are lossers but how you do admire what they teach lol.
Well you are right about how caring people should be ready to do all they can. But since you do not believe the Gov should just how many homeless do you intertain a year in your home? My sins are mine so don't try to justify your sins by pointing out mine eh?
The truth may very well be you and I will continue our disagreement for eternity in hell because we did not open up our lives more to the needy.
scs your idea on personal choice and responsibity sounds good but unfortunely is a fairy tale dream. You assume
that people can be responable for their actions when in truth that is not the case. A 15yr girl who gets PG is going to have help, people who get sick from smoking will effect others.
The bible teaches that we are a community and the need to forgive and help instead of judge and cast out is the bible pattern. Reality is You and I are going to have to suffer when folks around us or even total strangers make bad life decisions.
A 28 yo who is selfish decides to not take insurance and ends up in a hospital with 50,000 in bills will not or can not pay so the hospital eats a loss and raises rates which effect You and Me.
Nice speech you make but in life reality is other people bad decision effect people. Married couples who should not of married have kids then divorce and that effect the kids and grandparents. Your trying to con yourself into some kind of fairy tale world where people bad choices start and end with them. How many love ones you have that because of THIER bad choices will not spend an eternity with you? That effects the closer you are too them.
Bad financial decision insurance or no insurance included effect the WHOLE family if the family losses the house because Dad decided he was not going to cover a young child or himself. You complain about having to support those on food stamps. So you know that others bad decision or just plain life can cause you to have to step up and pay up.
Do you actually think Jesus want a child of a foolish parent or an unlucky parent to starve or the wife? When we have opportunity to FORCE good decision instead of allowing folks to make their own WRONG decision shame on us if we do not understand that we have a DOG in that fight. We have a right to demand idiots not involve US in their bad decisions or not let them make then to start with.
dead board and when Ed does post he is accused of being a liar. I see fluffybunny got caught accusing Ed of not stating the fact that only 15% went to LEI which he had. No addmission from the bunny only another attack.
15% of 170,000 barrels is what? 25,500 barrels. Does the bunny dispute that figure? How much revenue went into LEI off those 25,500 Ed says 12% is that disputed? 20,400 barrels if 12% is accurate. How much did the that sell for and how much is free cash flow would be an interesting question to get answered.
Thanks for the Post Ed. I do not get investor villege so I cant look up the post as it seems the bunny did not either but thanks for posting factual information from a source that can be looked up.
LEI is a big disappoint to me and I do not see too much in their future unless oil goes up a lot or a lease turns out to be a good one. Not much comming out of the 28 wells that are active with LEI I am sure. Anyone looking to make a killing off this stock or to "run up" the price by a post would be stupid and Ed is not that.
Bunny on the other delights in attacking folks as I have seen him do it over and over again and not at like the real fluff bunny.
Free country so if blasting someone makes you happy enjoy your strange brand of happyness.
Co and board both unimpressive at present time. Oil up big 5 bucks this and NG passing 4 bucks as the storage numbers are comming down below 5 year average and most E&P down for the week. LEI seems to be slightly in the green.
SSN another losser as well up this week. Losser week as KOG and AXAS takes it on the chin as commodities rise. Got to love the E&P sector
Woke this morning with snow and ice covering everthing and No power. My desire for coffee went to levels way above my usual demands. No power to get on this silly thing or lights to read by. How dare mother nature do this to me. Does she not know WHO I am? How long will have to suffer???? Even my well insullatied is getting cold. Should of put in NG. The streets dangerous to drive on and too cold to stick my nose outside to go get some coffee. This is totally unfair. You would think a person of my station in life would not have to put up with this. Well at least no TV to remind me of the thousands who are seeking homeless shelters today or the demand on the charities that feed and house them at times like that.
But THEY unlike me have Coffee. Its not fair. They are having toast and jelly and coffee maybe even a do nut. But me NOTHING! How dare the power providers whom I pay well let me down and make me less than some homeless bum in a shelter. I am ENRAGED. How dare they have more than ME.
Wait my power just came back on. Got to go make some coffee. Nevermind. Sure am glad I sent a 100 bucks to that homeless shelter looks like they have it pretty bad glad I am not there and only out the 100 bucks. My Coffee is a special blend bet they are drinking regular stuff. house back up to nice and warm ready for a comfy night of enjoyment hope they are enough room for all at that shelter.
Well its there fault after all or they would not be there no need for me to feel guilty after all they had coffee before me this morning. All these please for money or blankets is distrupting my TV enjoyment wish I didn't have to put up with that after all I sent in a 100 bucks how much do they want. Beg Beg Beg how they can suffer such humiliation of bother my type with appeals is really disgusting. I guess I understand how some on here dislike the Gov so much for caring for that kind. another cup? Yes.
Semp funny you should choose Dickens as your expert on how to live. I suppose the England of his day is what you want to see the USA become. You are right that Greed is at the heart of the problem. So given we agree on that. Tell me just how good at being Greedy are all the children who get free health care and food stamps? Is it Greed that motivates them? Now you have back away from your Greed and find some other reason to blame the helpless who are forced by circumstance to defend on the Gov for health care and food, clothes, and shelters.
Today as Freezing weather puts a lot of the country in its grip the homeless (those greedy homeless) flock to shelters to survive. I do not think you are the type to demand that they not be allowed shelter but you seem willing not to pay taxes to pay for them. That is Greed.
To Waltz into a Walmart and look down you nose on those who have to work there for whatever reason and buy there because the prices are lower than a store who paid higher wages is GREED. I and I suspect you are guilty of that. Greed slips in on us all. The story of Lazerous and the Rich Man told by Jesus shows just how strong Greed is in our lives. I earned mine, I alone acheived, I was smart enough, I was careful enoough, The list of I,I,I goes on and then we deny Luck or help as if that takes away from the I we like so much. There but for the Grace of God go I is not found in the bilbe but folks who read the bible understand the meaning of that. The future or the day are not yours to boast about. Greed will demand its due usually in the form of broken marriages, friendship and family's who are not longer families. And of course in resenting the poor and needy for costing you what is Yours and Yours alone.
scs I am shocked that you a big personal responsibity man would endorse folks "taking a chance" on not having insurance. Let us be honest can we? What income level are you talking about? The very rich while they could afford the best insurance or self insure are not about to leave open the real possibity of suffering large cost if they get really sick or hurt in accident. The ones who ACA points out the most to fit your "healthy and self insured" group are the young who are not covered by parents (over 26) and who now choose to risk their income and assets (most have zero serious assets) and can always run to the ER had stick you and me with the bill. Yes I am sure they want to continue to do exactly that given they seem to think they have a God given right to save their money and be willing to risk OURS. Funny you get upset at the poor for doing that but you defend the yuppies when they use the ER just as it they are poor and without options.
Using your think a smoker has the "Liberty" to smoke and since they are in a group they get group rates instead of the rate that non smokers get. The idea that their is no cause and effect to one using their "liberty" and it cost another nothing is simply not ever the case. If I use my Liberty to be a selfish snob
it does indeed effect the life of others. The top 1% of American wealthy who already pay lower taxes than any time in the last 60 years demand the Liberty to not be taxed any more then the other 99% are indeed effected. No man is an island no action by one goes without an effect on others. The bums, drug dealers, lazy, sick, old, poor and children who all use Medicade does effect you and I of course. The same with food stamps. So to do those who want the Liberty to "gamble on not taking health insurance". One big pot with only so much money. We either enlarge the pot or all dip into it for what is there. To reduce the size of the pot serves no one.
Again we see a slightly down market, a higher price for crude (slight) and a nice jump above 4 bucks for NG.
Sorry sports fans but higher crude price and higher NG price is GOOD for AXAS. Why the E&P boys are not at least moving slowly up today is strange but mirrors what happened a few days ago. Commodities up market down E&P down and next day the E&P sector moved up some.
Lets hope that pattern holds and tomorrow we see a nice move by AXAS. This cold spell is raking the NG price up as the next two weeks of storage numbers should trend down below the 5 year average. 2013 is ending up better than 3 of the five previous years and should finish that way. That again is good news for AXAS as they have NG as well as oil.
Down today as of now but I still like AXAS as a sure fire gain before the end of they. How much?
Above 4 is my guess.
scs unfortunely both parties Lie like dogs to those that "support" them to get as many of "Them" as they can under the tent. The tea party is a more honest movement in what it is for and against I will give them that. I think our political system would be a lot easier and more productive to our country if we have 4 or 5 parties instead of two and we had a system like Europe and Canada has instead of our system. The tea party could be the start of a multiparty system. The left needs to come out with their version of the tea party and get radical on the left as the tea party has staked out on the right.
What I really want to see is a revolt within the Christian community. For it to take a stand on issues
of society where folks like you and me could know what brand of Christianity we want to be associated with and folks lilke Lake would know the difference between "Your" type of Christian and "Mine". Put the preachers on the spot and make them teach one way or the other instead of playing the job security card. Jesus was a revoluationist both in matters of the world and in matters of the Spiritual and its time for believers to get "uncomfortable" and get to looking more like Jesus or try to give Him even more of a makeover. The more "divided and pointed" our political system gets the more the church will have to find its place to stand. Right now the "cover" of the sins of aboration and homosexuality give a big tent for main stream christians to flock inside a big tent against those sins. If capitalism becomes so effective and unregulatied and protected by the right that the massses start to suffer greatly then it will be harder and harder for the "chruch" to remain in a tent that turns its back on the least of them. Jesus was not BSing when he said as you have done to the least of them you will be judged that is hell fire serious judgement. No person or Gov or group of people under whatever flag can hide from that judgement.
ntc I agree with and chry simply because your both not too far apart as you seem to see. The low price today reflects the past
failures, lack of cash to go forward and failure of the sale of Rose to go through.
I think as results from current drilling comes in and it is as good as it has been then the price will move up toward the .71 cents that chry sees. Given the past history of the co. doing the drilling and the location I would say the odds are good that results will be good on the new wells thus the price at 65 cents or better seems not that bad a bet.
Now the wild card. SSN is a gambler I will give them that.
Everything you have said about the past losser 3 wells in the same area is TRUE. I am not sure why SSN wants to risk all the marbles on that one last well but they seem hell bent to do that.
It will either hit good commerical oil or it will not.
If it does the lack of cash to drill more will NOT be a problem as JV or even loans will will open up or God forbid another stock offering. One well does not get them to 5 bucks IMHO but would take them above the buck level to an easy double the price today. Thus the gamble.
Now lets look at what I think will mostly happen. In the next few months good news will come on the wells they been updating us about and it will be good. The price of stock will start to move up slowly but move. Then they will start the wildcat well. They will miss as they always do. If that happens then SSN is left without cash and without a wild card but still the producing wells with not much of a future.
Timing is everthing. If the stock breaks .75 before they finihs the dry hole that may be when to pull the plug and head to another stock. Worse case is you make 20 cents from here or 40% (not bad) and miss the dry hole if it comes up oil.
If you wait for 4th well the stock does not break out above .60 cents and they go dry you are screwed.
The guy running the show is a riverboat gambler.