is there a shake out? things that make you think... Hmmm??? Put it in context... trade volumes and the price folks are tossing back and forth... at... a nickle to a dime is peanuts... SNV is NOT the only stock that isn't trading at its genuine value... of course SNV's share price is a little more vague than a company that actually has production... WE are all here for ONE thing... the run up that MIGHT occur if someone reports a drilling rig moving across the sand...I have averaged down far enough... that I will see multiples on that news...
Once again.. people yacking abourt this company like it IS an oil and gas producer...IT is not that... what it is.. is a Land prospecting company holding tight in it's fist a piece of paper that simply says... a right to explore and produce asphalt in Iraq.. in the other hand... a contract with a few other parties willing to help do the lifting it is going to take to ACTUALLY produce... "asphalt" in a region where... light oil is still in abundant supply... ANYONE that thinks the product SNV is going to be exploring for will get anywhere near the price of a WTI barrel is fooling themselves... sounds like I am bashing huh? NOPE... the folks that have done their diligence already know and understand the hurdles ahead... So... weak hands... keep selling.. if SNV WAS in dire straights... the volume would be 10X heck.. 100X what it has been... this one... and I wrote it 2 years ago.. is a test of patience... if you don't have them... join those weak hands... I am sure there's a mutual fund somewhere dying to invest your money...
GLTA...