TSXV:ART.H - Post by User
Post by
verypooron Oct 12, 2009 1:15am
528 Views
Post# 16381448
Good 40
Good 40
I agree with you that Maysteeler is a bit of a twit and certainly pumped the heck out of ENG for no good reason, except to make some money. Slithering little snake really, he knows nothing of geology or the middle east. Neither do I, but a close friend of mine does and has spent years in various countries in the Middle east and Africa.Very knowledgeable in oil production and reservoir analysis. I asked him about Eng's chances for success and was told that there were many wells drilled in that area , 17, I think and none were economically successful. however when I asked about Kurdistan, he told me that if there is any elephants found, they would be in Iraq, period. This doesn't mean the greasy little Maysteeler is right, but it doesn't mean he is wrong twice either. Kurdistan is as good of bet as you can make in the oil business, I would be more worried about the political instability, which I guess would amount to the same thing. By the way, the chances of VST going to twenty dollars, are about the samer as Maysteeler being objective when it comes to stocks he is hyping.