GREY:ROAOF - Post by User
Comment by
stockwhispereron Dec 24, 2008 9:53am
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Post# 15665708
RE: RE: Financing should get done; OIL should surv
RE: RE: Financing should get done; OIL should survNo. too late for that.
Oil will not survive as a company, however, it will be sold out soon.
The main thing is that you need think how much OIL is worth. I think it is more than 1.50.
As mentioned last night, there are Bidders and that could spike up the price.
target maybe 1.50 - 3.50 a share.
One outside potential is that they could partner with somebody since so far they have been very good in finding those oil in North Sea.
But think of OIL being sold out. That's 90% chance. Just hope for a good deal.
jmho.
Merry Christmas.