RE: RE: RE: RE: RE: POE wells cost about $1.5-1.75 Frac,
Stop using the quote and market sentiment to back up your argument. Obviously the stock is down, a 3 year old could see that. In anyone's world, if you can drill a well, get all of your money back plus a 2/3 return in the testing phase, that's a good well. Anyone would drill those all day long. Beats the f**k out of the stock market.
Sell and be gone.
Where do you think the water is coming from? Some magical place? It's coming from the water leg. You don't think they can mitigate that by staying higher in the structure. Geeeez. Amateurs.
These are the prices to be buying, not selling. I'm telling you, right now the company is priced at a level where no one thinks they'll ever drill another successful well.
That'll be my final post on this board for now. Could it go down to 2 bucks? Sure. Will they drill another successful well in the next 3-6 months? Yup.
See you all in 6 months.