Beep Beep RoadrunnerNOG is going to pass. Funny you should mention GXS, about 2-3 years ago before the meltdown, I held GXS. It was one heck of a ride. I sold off at a very good price and traded it all in on NOG. I have always felt NOG was worth $1 a share. This was before everything went south. I held on to my NOG feeling that one day it would rise out of the murky depths and make me some money.
We are talking about a bloody unbelievable find in north central Saskatchewan. I still think that even if this does not come to fruition that NOG is still a buy, with potential for $200 a barrel oil. It has the acreage in many areas of the oil producing belt. It has I feel good management. It has a variation of products ie: heavy/light oil, gas, coal bed methane etc.
I have previously had the good fortune of tagging onto Blackrock which sold to Shell Oil for $20+/share. Bronco Oil had a great run up to around $20 and is still around. But that one I didn't ride the distance, but did manage to put a few coins in the tray. Didn't feel right, this one feels right, management and location of reserves.
They say the oil we will use in the future has not even been found yet. I am betting a parcel of cash that some of that oil will be in the drilling region. If not this stock is still undervalued.
GLTAL