RE: Oil and Gas Investment News letter adds Mart F me. Kieth Shaefer? Blow hard extraordinaire. He knows nothing about oil and gas. He's a friggin out-of-work writer who decided to start a tout sheet to spin nice tales about plays he knows little more than Readers Digest version of the facts.
He got very lucky as he had fantastic timing starting his tout sheet in '09 almost at the very bottom - just about any play with a half azzed story saw a big rebound and he rode that trend by selling his touts to nitwits based on his "excellent record" - that anyone with half a brain who invested in this sector could have outperformed is overlooked...
But now the tide has gone out and fundamentals (rather than lame stories) rule, go look at the long line of turkeys he's promoted. It's pretty pathetic.
Crown Point was just one of his more recent absurd picks - called it the "next TAG Oil in the making" - except the blow hard was completely oblivious to the politics in Argentina - as were several other touts who all promoted Argentina shale plays earlier in the year. Now Argy is (predictably) nationalizing plays, taking back blocks they deem insufficient activity has occurred and all the Argy enthusiasm has evaporated. But that's what you get when you know NOTHING about what you blather on about. And that's why the shares have lost 50-75% since he "recommended" them ~6 months ago.
And the notion that Nigeria is riskier than Argentina is completely and utterly laughable if you know anything beyond the headlines you'd get by a quick perusal of USA Today (ie "news for dummies") over the last decade.
Then there was Gasfrac, Wavefront and a slew of other stocks with terrible fundamentals, but with nice "stories" that clueless nitwits eagerly lapped up - and lost their arze. If you invest based on that blowhard's advice, you deserve what you get.
And if he's now promoting MMT, where was he at ~
.10 when it was a double fisted table pounder? Off promoting his turkeys with a good "story", that's where...