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this board reads like I spy
i am also starting to think about accumulating a position in addax. the dollar's strengh makes it a deal? where is the bottom for that one? $10 US
according to Goldman and Libya central bankers oil bottoms around 45-50 this cycle? a higher level of demand vs the previous cycle lows? maybe some peak oil in there to support prices vs demand? where is the bottom for this one? .10-.15?
I would like to start accumulating more shares.
will you see those arabs are big gold buyers too.
I mean thank god oil is inelastic. I think that the general demand has expanded over the years with the rise in China and India and the bottom in this cycle will be 50-60. and also I do believe a little in the peak oil theory.
have you researched the Panic of 1873? That god oil is inelastic.
I think you should start comparing this to the Panic of 1873.
you guys need to stop bidding it up I need .2
that not the point
does this affect any contracts? or erhc?
say what you want. when fed starts raising rates in december the dollar will move up and oil will fall back to the level 60-70 october 2007 when the move first started. this move is from increased liquidity from fed and falling dollar. terrorism $hit is just that $hit to pump it up. demand has fallen more than in last half of 2007 refiners going broke. we will see if it stops at the 200
http://quotes.ino.com/chart/?s=NYMEX_CL.U08.E&v=dmax
boy, when we get drilling oil will be back to 65-75 so much for enjoying the run up with oil. oil finally broke the 50 day
http://quotes.ino.com/chart/?s=NYMEX_CL.U08.E&v=d12
looks like a double top to me
once rig is onsite how long does it take to drill the well?
I thought it was going to sometime in 2009?
What is the timeline for the start of drilling?
what is the most realistic timeframe to start drilling?
question: what is going on with that lady and all the writing on that board? help anybody?
I think that the sp can go lower not for anything specific to erhe but what is happening around erhe recession talk, and those last hold outs may have to sell their shares to pay for higher bills (high inflation, higher mortgage payments), margin calls, (market tanking), safety issues (penny stocks in troubling times) and finally oil may fall due to the coming recession). comments...
could go lower
http://139.142.147.19/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&idx_sym=&sb=erhe&cn=us&size=1&ind2=-12&inm2=-2&ty=1&sca=1&mov1=0&mov2=0&mov3=0&boll=0&chk_lin=on&lin=0&chk_vol=on&chk_rsi=on&rsi=2&sto1=15&sto2=5&sto3=5&wil=12&macd1=12&macd2=25&macd3=9&roc1=16&roc2=8&mfi=14&rsc_sym=&ref_rate=180
maybe .10-.15 in this environment
heading into a world-wide recession and oil will follow
real supply and demand probably equals 50-60?
comments
i believe the bottom is not in yet.
http://139.142.147.19/StockChart_ImageOnly.dll?cus=&co=ask&i_chart=0&inm=5&ind=2&idx_sym=&sb=erhe&cn=us&size=1&ind2=-12&inm2=-2&ty=1&sca=1&chk_mov=on&mov1=8&mov2=25&mov3=50&boll=0&chk_lin=on&lin=0&chk_vol=on&chk_rsi=on&rsi=2&sto1=15&sto2=5&sto3=5&wil=12&macd1=12&macd2=25&macd3=9&roc1=16&roc2=8&mfi=14&rsc_sym=&ref_rate=180
could go to .15
Now I have a concern that the USA is moving into a recession and oil will follow. So much for maximum value. I think we missed the best times for oil. I think that when we drill next year or 09 the world will be in recession and lowball buy-out possible. Value will surely drop from her. Oil is very cyclical. Comments.
I live near sedona and work in phoenix
are you the same bobwill from the Ultra petroleum board?
My major concerns for this stock are:
1. The number of shars outstanding. Will cap any big moves unless there is lots of oil.
2. That the oil in the JDZ will not be enough to move the stock price significantly, as the result of the above.
3. What are going to be the penalities after the investigation? Will the company have more dilution to pay for these?
4. And if there are significant penalities management will have to dilute for other projects.
5. And my last concern will the stock move up enough to justify the wait.
Does anybody know what the possible vs recoverable BO in blocks 2,3,4?
The only thing that makes any sense is to leverage up the balance sheet. No dilution. Use the percentages as collateral to purchase producing assets? Could we borrow upto 150M? What do you think spec?
if you are looking for other juniors in oil
check this out.
CGX Energy Inc.: ITLOS Award Preserves 93% of Corentyne Licence
http://www.stockhouse.com/news/news.asp?newsid=6120585&tick=OYL.U
www.cgxenergy.com
FYI
what is the drilling timeline?
you know oily never said erhe would have a buyin? maybe chrome?
Here's a twist.
20 to 1 reverse spilt and the then the institutional funds can buyin
that would not be a smart move going into a recession? us?
offor would be pretty stupid for buyin or buyout before the company knows what's in the ground? he seems like a smart guy. unless there is arm twisting going on?
thanx
less than $5 for 20%?
I think you meant years
I am starting to build a position before drilling. Also looking at CGX Energy also.
I am new to erhe and would like to know (based on those who have seen the data) how much oil could possibly be in each block that the company holds an interest in. Especially blocks 2,3,4