RE: Super Pumper grh525 quote: "Don't put a plug nickle in this dog people, until they have read all data and moved a rig in place."
If you invest your money into explorers that way, good luck with that strategy and I hope that you have a 24/7 line up to your guardian angels.
The early bird catches the worm - not only when investing in explorers!
When EOG is ready to drill, the share price will be much higher than today. Till then it probably doubled, trippled or multiplyed even more. Take a look at charts of other explorers. They didn't stayed at the same level for month or years, mostly the shareprice rose over time towards the first drill.
Why this will be the case with EOG also most ptobably, was discussed and explained many times in this thread allready.
When EOG is ready to drill the first well (if they are not absorbed by a big player before), I will sell only a tiny(!) part of my shares to people like you, who waited till the bell rang, and will get my money back that I invested month or years ago together with a decent profit.
And then I will sit back very relaxed, will wait what happens, will enjoy the thrill of beeing part of an explorer drilling its first well, but without fearing to loose money, if they will drill a duster surprisingly.
That's the way - from my point of view - how explorers games should be played, but everybody is free to follow his own investment philosophy.
Cheers and have a good day,
Neo