Nothing too outrageous but I'm thinking $3 by December 2014. Good luck to all.
There's been quite an uptick in volume ever since January. My hope is that someone in the know has been quietly loading up behind the scenes.
I'm in heavy on both. In fact I think TNGN has the possibility of even bigger returns than ETRM if you're willing to wait a few years.
My guess is that they struck oil on one of their test wells and decided to tell their friends first.
Sentiment: Strong Buy
Could this be the news we've been waiting on? Maybe one or more of the four wells from late 2013 has struck pay-dirt and news has leaked? We can only hope!
1) 10,000' well in Pecos County, Texas
2) 4,000' well in South Texas
3) 7,000' well in In Jefferson Davis Parish, Louisiana
4) 13,500' well in Iberville Parish, Louisiana
Porter Bancorp Inc. (PBIB).
Its trading at $1.00 right now. Good for the occasional quick run-up and even a double every so often before it crashes back down.
Don't fret, there's still 11 business days left in 2013! lol!
But seriously, the investors who have incurred the largest losses are probably just selling for tax loss reasons at this point. The guys who got in low like me (.19) are probably going to ride this into 2014 to see what happens.
As far as trusting the CEO goes . . . I could see an unscrupulous guy lying about drilling one well but this guy is teaming with other companies to drill like 8 wells. Nobody is THAT good of a liar. One of those is bound to hit pay dirt!