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cowandthrow:
Much of what you said is correct except for the old people's part. But how else do you react to posts who's whole intent is to undermine investor confidence in a company.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92053615
NO GUTS, NO GLORY!!
Is a favorite saying of the billionaire head of the Lundin Group of companies.
Mig321:
There are many examples of why an oil company should not give up. Tanganyika Oil Company for example went to $4 then dropped to 40 cents it ended up being taken over for $31.50CAD. It took 7 years for African Oil AOI to hit oil in Kenya now it will soon be producing oil and adding more value to it's share price. Baytex Oil BTE was once a $2 Canadian oil stock it is now trading around $41CAD and paying a monthly dividend of 22CAD cents which is $2.64CAD per year. Those who invested when it traded in the $2 range and held onto their shares are receiving there entire investment back each year. I bought shares of BTE for an average price of $10.50CAD it is a core holding of mine.
I waited only 2 years for AOI to pay off for me, I have a very significant amount of shares in the company at a price alot lower then it is now trading at. It is a Lundin Group company which Tanganyika also was, they have the magic touch when it comes to rewarding shareholders. I have been following them, I sell when they sell, with this exception I will trade shares above a core position to take advantage of the market.
I could go on but these three examples I feel are enough to make my point of the importance of oil companies persevering in their efforts to find oil.
I read that oil has made more millionaires in the US then any other investment. It is why even though I have a significant 6 figure position with an average buy in price of $1CAD in HRT it's current price has hardly any effect on my equity position in my portfolio.
I did not mention any stocks in this post for promotional purposes. I will not reveal any of my intentions of either to buy or sell HRT from this point on.
Mig321 you are the only poster I have a problem with on this board, you do not add any value to it. When I come on this board I am wanting to read posts that contain information that is of value to me as an investor coming from someone who knows what he is talking about. Not from an individual like you that hasn't got a clue.
Debunking things you say is counter productive and a waste of my time. I only hope you will post a lot less and instead live and learn from the other posters on this board. If you do no change you will have just confirmed what I said were your motives behind your posts.
Mig321:
More nonsense from your keyboard, HRT did not study Namibia for years since the company only came into existence in 2010. You are proving to me that you are either a novice as you stated to me in two posts or someone with ulterior motives.
I know exactly Mig321 what you are upto on this board and what your true intent is. As the following statements show from your post #1780.
The short term problem is how many more weeks or months do shareholders have to suffer until the upward share price trend starts.
Forget about the Namibian pie in the sky and get the gas in the pipe.
Dreams can wait.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92029226
It has been my experience that if another company covers the drilling costs which is what I meant in my previous post a 50/50 split is considered a good deal. Rzbern I like the sound of what you are saying, if true we may see drilling in Namibia sooner then many expect.
Thomas4:
I basically agree with everything you said. I also feel if the company remains focus on Namibia a deal can be made with another oil company to drill certain offshore properties. I think they will agree to a 50/50 split of any successful results.
rzbern:
I do not consider you a basher of HRT in fact I feel your posts are meaningful and am glad you are posting on this board. It was the other gentleman I was referring too, you were just suck into being off topic in a number of posts by him.
Recall your post #1755. To refresh yourself as to what you said regarding what I feel has happened on this board.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92020987
What we have just experience on this board is a tactic used by disguised bashers of a company by putting up a lot of meaningless off topic posts to bury the posts that are on topic and meaningful. I know for a fact that people are being paid to tout and bash companies, this has been going on for years even before the computer age.
rzbern:
Thank you for posting something that has meaning for HRT shareholders and others that maybe considering investing in the company. This is what investors want to read not posts that are continuously questioning and being critical of the actions of the management of HRT.
I feel that what has happened on this board is that one poster is deliberately hiding under a vail and when you read between the lines you can see his true intent is to discourage people from investing in HRT.
This person realizes in order not to have any of his posts deleted, he has to appear to be a novice and simple at times and also give the appearance of being smart.
To give the impression of actually being a very intelligent individual he has put on a bogus occupational profile.
Mig321:
Wildcat drilling that HRT was doing is a high risk business, investors should thoroughly understand that. If they are not prepared to loss their entire investment they should never invest in start up companies like HRT.
Pretty well the rest of what you stated confirms what I said about you in my post. Like this moronic quote from your post.
3. About the helicopter fleet used to achieve air superiority over the Amazons. Brazil has the largest usage of helicopters in the world. More businessman use helicopters in Brazil that in any other country in the world. Helicopters are a status symbol in Brazil and I suspect they bought that little Air Force to show off.
Otherwise how come they can get rid of them and the company still can achieve all his plans?
Moreover, has you ever seen a patio sale where the owner sells the family jewels? No, you never. Simply because patio sales items are superfluous by definition, like the HRT Air Force.
Enough said, except I have to question what you have stated on your profile have been your occupations in light of what you posted on this discussion board.
powerwalker:
Thank you for providing such an important post for HRT investors to read.
Mig321:
Your posts in the main do not impress me to much, but confirm that you are a novice as you stated you where. In the case of being a novice you should talk less and listen more.
You have stated to many points for me to address in this post. Would you stop referring to the management of HRT as being constantly stupid. The deals they made with BP/TNK, GALP and Polvo prove they certainly are not. I read a post or two taking issue with HRT buying helicopters, which was necessary since there was no private company available at the time. Selling them was not easy since the buyer had to make sure they would have working contracts for them.
Now they have freed up capital and only spend money on using the services of the helicopter company when needed.
Using hind site one can appear to be so wise and say HRT was stupid. If they had been successful in their drilling efforts in offshore Namibia, then everyone would be saying how smart they are.
As we know that didn't happen, which is so often is the case failure usually comes before success. Namibia has to remain a key focus of HRT, for the company to reach the heights so many envisioned.
I believe in the management of HRT if I did not I would no longer be an investor in the company. No one posting on this board is in the least way qualified to say how the company should be run or what they should be doing. If at anytime I change my feelings about the management of HRT I will make them known.
The difficulties the major oil companies are having to maintain existing oil production in face of the decline rates in their wells, makes it imperative that they constantly find new areas to explore for oil.
The squeezed is on for these companies, the world is becoming smaller every year in which there maybe oil fields of the magnitude that will be required to meet their needs.
I feel offshore Namibia is one area that they will not overlook. HRT is well position for a farm in by one of the major oil companies.
Things can change very fast in the favor of HRT shareholders. We maybe very surprised by how soon we get an announcement of a major doing a farm in with HRT. Drilling will be done as soon as possible, hopefully within 3 months.
Bullish outlook for Oil.
Joseph Dancy, Adjunct Lecturer of Oil & Gas Law, Southern Methodist University, and Manager, LSGI Technology Venture Fund L.P. Joe talks about the energy market from a supply and demand perspective. He says that from an investor’s standpoint the bottom line is that global demand growth for crude oil is relentless. Supply is falling short of demand even without any additional production disruptions. He also adds there is little spare capacity, given production disruptions in Libya and Iraq. Joe also notes that China will replace the US as the world’s largest oil importer later this year. Joe believes privately owned reserves in the ground, in politically secure areas, should increase in value – and reward shareholders.
Bullish outlook for Oil due to supply and demand pressures.
One thing that is very important is the expanding demand for oil and the pressure it puts on the major oil companies to supply the market. The world badly needs success in finding oil in Namibia. It would be just pocket change for them to spend hundreds of millions of dollars in offshore Namibia, as they have done in other places in the world till they finally found oil.
Joseph Dancy, Adjunct Lecturer of Oil & Gas Law, Southern Methodist University, and Manager, LSGI Technology Venture Fund L.P. Joe talks about the energy market from a supply and demand perspective. He says that from an investor’s standpoint the bottom line is that global demand growth for crude oil is relentless. Supply is falling short of demand even without any additional production disruptions. He also adds there is little spare capacity, given production disruptions in Libya and Iraq. Joe also notes that China will replace the US as the world’s largest oil importer later this year. Joe believes privately owned reserves in the ground, in politically secure areas, should increase in value – and reward shareholders.
A company like HRT with it's large holdings in Brazil and in offshore Namibia is very worthy of the consideration of major oil companies.
Mig321:
Oh please have mercy on me, I can hardly take any more of your stupid posts in reference to me. I can understand why your mother has said worst things to you because as you said she really knows you...
Now that I have relaxed a bit, I will say the following, I rarely will ever mention another stock I own on a discussion board in which I own shares in unless it is OT, so nix on me mentioning ( promoting ) any of my other oil stocks on this board.
My confidence in recovering what I invested in HRT and in actually making money is virtually 100% due mainly to my average buy in price. Even though I am invested in several oil companies I still have a significant 6 figure amount of shares in HRT.
Mig321 I am a Canadian who lives in Vancouver, BC where many of the headquarters of resource companies are. All the oil companies I have shares in with the exception of HRT are Canadian. I have a lot more invested in some of those companies then I have in HRT. A few I have had for a number of years have grown from small companies to fairly large ones paying very good dividends.
I am not saying this to impress anyone all I am trying to get across is you never ever really know what the outcome will be in any company you invest in. Many times it is important to not be to quick to throw the towel in. That is my feeling about HRT regarding my investment in the company.
I feel this discussion board is beginning to reek of SH, which is a shame and not constructive but destructive.
Mig321:
I am flabbergasted by the idiotic statement you made in your post. How did you think I would have done so well in the stock market if I put all my money in just one company. The stock market is not a Casino where you bet all your money on one hand. Nothing is a sure thing, that is why you invest in different companies.
It is so elementary what I have just stated that I feel like I am talking to someone in an elementary school.
WOW!! Unbelievable, I am speechless, all I have left to say Mig321 is Good Luck on your investments, because that is all you appear to have going for you judging from your post.
I am sorry if I offended you, but I could not stop myself from replying to your post in the manner that I did.
crowandthrow:
How can you call powerwalker a douche for knocking Mig 321's post by pointing out the errors in it, which I also took issues with and which Ogo did on a previous post of his.
Also crowandthrow go to SH if you want to stoop to name calling it is not acceptable on IH.
It is time to stop crying over ones investment in HRT either live with it and see what develops or get out of it.
I have shares in 14 oil companies, not one of them do I want to sell which of course includes HRT.
I have been a stock broker a commodity trader and the owner of two successful businesses. Being successful is not easy. What I have learned from all my previous endeavor's has gone a long way in enabling me to be a successful full time stock investor. My gut feeling based on my experience in investing in oil stocks tells me to stick with HRT.
Mig321:
Give us a bloody break, I agree with powerbroker if you believe your drivel you should sell. HRT is far from being finished. You are painting a picture of HRT in your mind that does not exist.
I can see you are a real novice when it comes to investing in oil companies. If you can't stand a little heat then get out of the fire.
Peter O'Brian bought his HRT shares last October and he is still on the BOD. He is also involved in a special HRT committee. The name of which I cannot remember at the moment.
Mig321:
What's with you and your double postings of the same message? When that happens you can hit edit on one of them then delete the repeated words in it.
Ogo:
I agree completely with what you said. Wasteful spending? One should check the facts before making such a statement.
Mig321:
Since you obviously can't answer my referred to stupid question which I only made to make a point. I am looking forward to the answers to any of what you stated were stupid questions in your post.
Tomas4:
How can the hedge funds make HRT successful in finding oil, HRT is not a company like GM etc. where they could make a difference. There are many examples of the numerous amount of drilling that had to be done before major oil discoveries were made
I have had shares in companies where hedge funds have made their present's felt in order to increase share values in undervalued situations, usually by finding a buyer for the company.
This is the only thing I feel the hedge funds invested in HRT could ( would ) do is use their 27% holding of HRT shares to put pressure on the management to find a buyer for all of HRT's assets. Other then that I do not see them trying to make changes in the management of the company. Unless they see something I do not.
There is far to much over thinking about the drilling results. Time for HRT investors to except what has happened and not be concerned in my opinion and I am sure is the same as the opinion of the hedge funds about the management that has proven to be competent to run HRT for the benefit of all.
HRT is still a very young company it took AOI six years to finally hit pay dirt. You can be sure of one thing most people involved in HRT are taking it just as hard as we are the failure of not finding oil in Moosehead.
Relax and appreciate the good things in your life. That is my priority, spend less time on your computer. Go golfing, whatever just get your mind off of HRT.
Regardless of MM's preferred drilling site, you can be sure GALP with it's success at finding oil had a lot to with the choices of drilling sites.
They most have been quite confident in the sites they choose along with HRT to put up the lion share of the drilling costs for only a 14% interest in the results.
In all the time I have been investing in oil stocks, I have never seen a company make such a favorable deal for itself as HRT did with GALP.
At least HRT didn't carry the whole financial cost of the drilling. Galp paid a high price for only a 14% interest if a well was successful.
They were smart when they got BP/TNK to put up 1 billion dollars for a 45% interest in Solimoes Basin in Brazil and for making a 135 million dollar deal for a 60% interest in Polvo.
I have primarily been investing in oil companies through out my investment career, to me this is just another set back that I have experienced before.
The important thing for me does HRT have good management I believe it does as demonstrated above.
HRT has cash, no debt, I feel HRT has a bright future, and this Moosehead set back will just become a distant memory.
September 7, 2013 By Helioschariot
Posted by allmines on iii
The Transocean Marianas came back on the tracking system tonight and I thought I’d have a look at the activity round about her.
The Siem Louisa and Maersk Traveller both have their beacons on too and are within a few hundred meters from the rig. Could this mean Moosehead is coming to an end?
One thing that did catch my eye was the presence of a new AHT – the Maersk Tender. Maersk Tender is the closest vessel to Marianas. Looking at its track, it appears to have visited each of the other vessels today too.
Interestingly, she has just finished a contract with Shell Brasil and has come from Rio de Janeiro. She’s previously worked for Repsol too. Her destination is set as Walvis Bay, but she hasn’t made it to port yet.
Wonder why she stopped at Marianas?
Is she replacing Maersk Shipper?
Why is another vessel required?
http://www.oilpubs.com/oso/article.asp?v1=13597
garyadam:
Simply put HRT is a screaming buy right now, if others can't see it, that is their problem. I already have a significant 6 figure amount of shares in HRT so I will not be adding any more at these low levels.
NO GUTS, NO GLORY!!
The companies buying the assets put up for sale by HRT needed closure of the sales hence the recent NR's regarding them.
The cost of each 3 drilling effort was estimated to be about $60 million ( statements from HRT indicate they are actually under budget ) with Galp paying about $100 million receiving 14% for their contribution a deal which I congratulate the management of HRT for making such an unheard of good deal in the industry on par with their BP/TNK billion dollar and Polvo $135 million deals in Brazil.
If we are not successful in Moosehead it is not any fault of the company's management, it is just are misfortune.
I am a long term investor in HRT and very excited about the future of the company, under it's present management.
NO GUTS, NO GLORY!!
Regardless of positive Moosehead drilling results, HRT needs to go ahead with asset sales to raise money to move further with more drilling. So I don't put much weight on the timing of NR's of asset sales.
My fridge is stocked with Moosehead beer, all ready to party at our house. GO MOOSEHEAD GO!!!
Favorable Article About Lightstream.
http://seekingalpha.com/article/1678062-monster-dividends-from-oil?source=email_portfolio&ifp=0
ClipDapper when you know nothing about me, my stock portfolio and performance in the market, you should just keep your mouth shut.
ClipDapper it is obvious your reference is to me being an amateur in your post because of statements I made to Mig321. HRT is only one of the horses in my stable. The fact is I have been making a very good living investing in the stock market for many years. I know who the real amateur's are.
It is the management that determines the faith of any company, it will sink or swim on what they do. The management and personal of HRT jointly have decades of experience in the Oil and Natural Gas industry, some of this experience has been very successful in finding Oil and Natural Gas.
To give up on them now I feel would be a big mistake. Mig321 if you are not happy with the way HRT is being run, the thing for you to do is sell your shares and move on. Which is what I would do if I felt the same way.
Far easier said then done, when you are outside looking in. Changing HRT management at this time I feel would be a big mistake. Just where could you find these super people to replace the current HRT management and imagine just how disrupted the changes would be ( and who would be left to make all the changes ).
I support the current management and hope for the best.
Statoil just found more oil off of Newfoundland, surly if they can so can HRT in Walvis Bay.
Come on Moosehead lets hit some oil.
Excuse my ignorance who is BTG?
I have never seen the statement that Peres and Mello would have to sell their shares as part of their resignation as you said was stated by Tomas. That would be very unusual to be forced to do so by any company, and I don't feel a company could force them to do so.
If that is the case I would like to see proof of this posted on IH.
Something very interesting the shares of Peres and Mello were picked up in three big blocks. Obviously the buyer does not feel HRT is going to be a dead duck.