Post by
betelgeuse9 on Dec 04, 2009 11:32am
A not on fundamentals
This story has just begun judging by the strength of its breakout run I think a comment on the company's viability is important.
I believe that this company has the potential for much higher valuation and their growth prospects, as I understand it, have the company, already profitable monthly (listed only since mid March 2009), increasing their revenues some 15 to 20 times over the next 24 months without factoring in what will almost certainly be a rising market for oil and gas over the same period. They are earning and have no requirement to dilute their stock at there stock which, in my opinion gives them added potential for serious acquisitions forward.
Note there is news out today updating present drilling.