OTCPK:WSRLF - Post by User
Comment by
kaosblueson Jun 07, 2010 3:01am
315 Views
Post# 17163628
RE: RE: RE: RE: RE: RE: Misplaced Emphasis
RE: RE: RE: RE: RE: RE: Misplaced EmphasisThat's about as logical as saying will you guarantee me my opportunity losses if I sell and the SP goes through the roof. Quit being a child here. I've nailed you to the wall on the fact that the real value in the play is the oil in the ground. You admit that that you knew that 18 months ago. End of argument and stop your snivelling.
The real point I was and am making about the market is that it is STUPID. The drop in the share price from the 1.80 range to .60 was totally and I mean totally unjustified. I posted here at that time and asked on this board if people knew what condensates mean. All I got in return was drivel, and answers such "as offshoots of gas". I also asked whether there was a requirement for gas in general in the Mid East. I received comments back ranging from they don't need gas, nobody wants gas and nobody is exploring for gas. They clearly didn't do their homework as the diametrically opposite is true. To boot they put no emphasis whatsoever on the fact that Hatfield and Co. indicated the find at 2300M was totally unexpected. Now you tell me where investors would choose to NOT FIND a gas and condensate discovery over a surprise find of the same and I will tell you they simply can't be very bright. Moreover, if one takes a serious look at what Dana Gas is doing then the idea that finding gas is somehow a "bad thing" becomes even more ridiculous. Admittedly it wasn't as good as an oil find although condensates does mean light oil by the way, but it didn't mean that no oil was possible below that depth. In any case the SP surely didn't deserve a 2/3rds drop on that "unexpected news". I will give you this, it definitely shows how STUPID some of the investors were and can be and that treflects in the stupidity of the market.
Surely you can see that the market overreacted especially in the last two weeks let alone when it lost 2/3rds of its value. This is pretty darn obvious from any rational point of view. I also dispute categorically that the market is, was, or ever will be, logical; it is simply a reflection of investor sentiment which is anything but.
I am a big believer that this play will eventually pay off big time but clearly you appear to be souring on the investment. My advice is that if you really feel this way sell out Monday morning, get off this board and don't ever come back. Go put your money in guaranteed investment certificates. Now there is a ROI, I can guarantee for you.