GREY:ROAOF - Post by User
Comment by
Darilonon Mar 28, 2008 7:27pm
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Post# 14920573
RE: OIL prediction
RE: OIL prediction"You can use any target price you like, but you do have to start with the current $7 in value, not including debt liability. Those that truly believe those types of targets, would obviously keep the information to themselves, and accumulate."
G40 - you are still behind the curve on this company. Back last year when it was trading at $7/share you were saying it was worth 3 or 4. The year before last when it was trading at $4-5 you were saying it was worth $2-3 and might not even produce any oil or if it did the decline rates would have production down to almost nothing inside 2 years. The problem is you are always looking in the rear view mirror thinking that it is the future whereas the rest of us look at the past, see the present and look toward the future. I fully expect to see $20/share for my OIL shares inside 12 months barring any kind of complete economic melt down - which is the only significant risk for OIL in my books at this time. Where will you be putting your money in the next 12 months? Would be very interesting to see who's stock increases the most.