RE:RE:RE:RE:NatGasWildcat, "seasoned" investors never lose sight of the next light in the distance...as one of those dummies that bought Valeura in the 50 cent range and took a big chunk off of the table at 7 dollars+ and more in the mid 5's I can tell you we had a lot of smart, seasoned E&P types lined up to tell the world that the Thrace Basin was a multi TCF playing field. The lessons are many: even the most experienced have it wrong, the "rocks" determine viability and those that are critical in retrospect missed everything including the outrageously fun move up and the painful slide down... doesn't make you a better investor to have missed both.
Lev
BTW a great deal of the new blood in TXP, that are holding tightly for a biggish score, were once VLE investors inspired to find that next light in the distance. Feeling pretty content with both decisions in hindsight.