OTCPK:WSRLF - Post by User
Comment by
mikerosoft666on Feb 01, 2009 3:55pm
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Post# 15743955
RE: getting close to payday, imo
RE: getting close to payday, imo
I still think OILEXCO was the right pick. I don't think anyone could foresee the credit freeze and price of oil tanking so dramatically. Do I have the take on OILEXCO wrong ?
So here we are in the credit freeze ( and WZR has cash ) and oil at $41~ish and trying consolidate here for a support level... WZR's strike can only be good news but we still aren't out of the game because we have cash in the bank - plenty to complete a program.
I would expect a dry-hole would cause a violent sell-off which could hit the .40¢ range. Have some serious dry powder standing by for that event. So if that doesn't happen it means we held the line, or advanced higher.
Little concerned about Management and their inability to understand the importance to investors to be kept in the loop. But if they are sitting on as much oil as the exuberant ones feel they are, then why would the give a rat's patoot what the investors think... they are making them rich...