RE: WZR went up 5x on drillingMaysteller,,,,you are right that WZR went up 5 x but it also came down just as far after drilling and finding natural gas and condensate instead of the oil they thought was there. ...where is WZR now....after drilling?..well from $2.5 down to 60 cents.....hm.....maybe VST or LFD aren't a sure thing after all.?
LFD and VST charts have mirrored WZR in a lot of ways pulling way back as many learned a hard lesson with WZR. There is never a 'sure thing' going to $20 from 50 cents ..that is just foolish talk and thinking.
I own a bit of LFD and VST so am currently long on these plays, but I have realistic expectations, and am fully prepared to lose it all, and I know there is a 'probability' of success and failure and either have not been calculate properly yet.........but I am not so naive as some posters here. Drilling will tell all and until that happens and reserves are proven , any reserve estimation is pure speculation and conjecture at this point.
Ask yourselves the following: there have been other large oil companies in these areas long before VST and LFD arrived on the scene and why didn't they scoop up the land ahead of these companies? HOC and TLM have plenty of cash plenty of land already, why wouldn't have dropped 45 million on another parcel or two extra as well?
Remember I am long, not bashing, just try to point out some risk here as often on these bullboards it gets ignored and many posters that have long positions just keep pumping and pumping the stock ignorantly. Every investor has to keep these type of risks in mind when making investments such as these. Don't ignore them, just know them intimately.