GREY:SOGFF - Post by User
Post by
audigger13321on Apr 14, 2015 12:21pm
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Post# 23627662
Management buying shares...
Management buying shares...I have no idea how this will be resolved, but IMHO, management is still very optimistic about
holding on to this property.
Michael Graham, between March 25 and April 10, bought 903,000 shares.
If anyone knows about property values, it is the management of any company.
And if this management thinks we have about 1 billion barrels of light sweet crude on
this property, then , even if that amout is cut by 75%, the property is still very valuable.
And, cutting drilling/production, to save expenses, IMHO is very prudent.
One does not see banks selling dollars at 50 cents so as to increase exposure.
I am still buying, and am hopful for the future.
After all, I did hear the mantra that one should buy when there is blood in the streets.
My socks are saturated with blood; but hey...i can still walk.
Besides, if one keeps the dough under the mattress, one can get bed sores.LOL.
Audi,.