Post by
taxdemicco on Oct 03, 2011 11:32am
What Price is RIGHT!!!!
Hello Everyone:
We are now at 6 cents, down from high of 46 cents in January 2011, or a whopping 86% severe correction.
I have been in various stocks, some due the internet mania phase where corrections of 75% were the norm.
The lack of interest in the stock has to do with the lack of clarity on drilling. Management will have a bullish update in October 2011. Watch as funding is a non-issue. They will not walk away from PSC contract leaving an $ 80 billion asset when their partner Genel has $ 2.2 billion in the bank and can easily finance $ 20 million for the drill.
The cost per Genel for extracting and delivery the oil is $ 7 per barrel. Even at $ 75 per barrel of oil, you still have a profit of $ 67 per barrel for the consortium. This is huge money.
I predict that a deal will be announced along the lines of: Genel will carry drilling cost of LFD in exchange for 12% of its oil revenue. Drill starts imminently once press release is issued.
Yes, I have been wrong from Janaury 2011 to now, however I will be RIGHT from October 2011 to the future.
When we hit DOUBLE DIGITS, the bashers will never come away saying that Taxdemicco was right all along.
Am I incorrect, or are you just impatient? Wait them out!!!!
SMART INVESTORS ARE LOADING UP AS WE SPEAK, WHY PAY DOUBLE DIGITS WHEN YOU CAN ACQUIRE A BOATLOAD AT 6 CENTS.
JMHO
Comment by
cincoagain on Oct 03, 2011 4:36pm
from taxjerk "SMART INVESTORS ARE LOADING UP AS WE SPEAK, WHY PAY DOUBLE DIGITS WHEN YOU CAN ACQUIRE A BOATLOAD AT 6 CENTS."hahaha. apparently there were lots of sellers today willing to sell at $.055 but not many investors willing to buy at $.06. there is 100,000 shares available at $.06 right now, but no takers. why dont you take them taxjerk. oh, i know why, because your broke!
Comment by
beakman on Oct 04, 2011 1:33am
You and maysteeler are the biggest losers on Stockhouse. Neither one of you could pick a winning stock if somebody put a gun to your head.
Comment by
jlmans1 on Oct 04, 2011 11:24am
Taxdemicco, the only thing you should be predicting is that you're a lying thiefthis would be your first and only accurate predictionwhen you lie in bed tonight ask yourself where you went wrong that you have this sleazy profession
Comment by
maysteeler23 on Oct 04, 2011 7:20pm
paid posters are mith, like your logic. This block has a 5000 barrel/day discovery. Last time I checked, I was still paying the same for gas as I was last year, so people are still driving. Once we get some rational thinking into the market, andnif we get management to start being clear with us. The $.40 level reached this year will be a startin point.
Comment by
Kurd30 on Oct 04, 2011 8:15pm
Hi Jimans,Completely agree with you. There are some honest people on here, but most are a fraud and have numerous names that they post under depending on what happens to the sp. The information on these boards should never be trusted. Taxdemicco and Maysteeler are the most obvious fraudsters.