RE:RE:RE:RE:back to the 52 week low. Well I don't believe we will stay here. We don't produce oil yet, so the price of oil going up and down day by day should not affect us the way it seems to. The price of oil in 1+ years will affect us the most, as to whether we get $5.00 or $10.00 per barrell in the ground.
What should be affecting us the how much we have in the ground now, and the next resource report should change the price dramatically (I hope). What happens if the resouce report now shows 1.2 billion boe (or maybe more)? Price doubles? Triples?
What happens if we hit somewere else (hoping). The current price does not reflect (IMO) the value of the company and what it has. Look at the positives, and I think the biggest one is the pipeline routing.
Right now, people are buying in again and hopefully they are in for longer term again. I am hopeful that the next 6 months we get some really good news in what they are doing. Did I miss the boat in selling, yes... COuld have sold and bought back in again, but now I am waiting on more good news. Like it was once said, could they have been that good/lucky to hit the only oil in that area the first well??? Hoping not... ANd I think the price should be in the mid $2 range right now for what they have.
DAGUY