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So you really believe income doesn't change book value? Hmmm. I suppose that would be so if all income is distributed as dividends. You want to guess what the chances are of that with EHRE?
The share price is $.40+ and the book value is less than a nickel, and you want more equity increase than that? From what possible source, before (successful, by the way)drilling?
You need to come to terms with the fact that ERHE does not exist to cater to your dreams, wishes, and personal timelines.
Okayyyyyy... so clearly you only write and read innuendo, which language I don't speak or understand. Sorry I had to use English.
If you see an attack in the post you are replying to, you're either paranoid, a relative of Mark's, or one of his blind worshipers. Whichever, there is not one.
bayfisherii and miamidrift-
I largely agree with your responses, but they do not address any reason for thinking the board has any INFLUENCE on EHRE. Influence would mean having an impact on decisions made by the company, and the closest your replies came to indicating that was responses from Keeney - and that's his job, PR.
I don't ever remember having seen any evidence of influence imposed by the board, and quite frankly would be dismayed is such occurred; there is simply no one here that has the inside knowledge that qualifies them to have influence, singly or in concert.
bayfisherii-
Please indicate what your basis is for your belief that "..this board has more influence than most realize."
Or any influence whatever, for that matter, other than possibly share price (I assume you mean influence on EHRE).
No need to state the obvious. On the other hand, where there's realization, there may be hope.
No NEED? What are you referring to? Show me a single post that anyone has a NEED for (other than those directly from ERHE) and I'll show you a post that's the first of its kind.
Hm. You consider "...could..." to be a prediction. Strange.
And did anyone respond saying it was definitely not possible? That would be strange AND reckless.
Strassenheim-
What you say in sarcasm does, IMO, ring true as fact when not viewed as such. If I understand correctly, you seem to consider justified the viewpoint that making an "investment" requires a "return" from it, and that considering oneself an injured party when that does not happen is only right and proper. That has never been, nor will it ever be, the case.
At LOOOOONG last, a prognostication I can fully support.
Good job.
Thanks, vip1999. Had no clue such a tome existed.
Sorry if I missed any previous explanation, but what is the significance of those two circular green arrows next to your post in the post list? Don't believe I've ever seen such before.
magic-
Careful - they tell me those "tonnage" guys get really ticked off when you call their ship a boat.
traimal-
Thanks for the highly interesting info on Roths in 2010 - especially the part about spreading the taxes on conversions over 2 years.
I did a transfer of EHRE stock a number of years ago as well, and my take on it is that after transfer to a Roth, the transferred entities stay under the same rules as a traditional IRA for five years - so during those five years they can be withdrawn under the traditional IRA rules. That differentiates a transfer to a Roth from other contributions to a Roth, where the age of the Roth account itself governs the five-year waiting period, and not each contribution individually.
edit: Sorry, texasspeculator, seems you covered this much more comprehensively while I was typing.
.....and the not-cool part would be what?
Willjam-
The Canadian government's been taking 15% off the top of my Canadian stock dividends, not 25% - but since the thread was a bit vague, I'm not sure if you may have been referring to something else.
As far as I know, there's no way you can get that money back from Canada, but can claim it as a foreign tax credit against US taxes.
My drop in the bucket - 126k shares.
"Ostriches" generally don't have the ability to be anything else. However, for the those that aren't, the abysmal record of prognosticators throughout history does not tend to allow any reasonable amount of weight be given their predictions.
tryoty-
"NO sense"? I hope that's a rather extreme figure of speech of some sort. Near as I can see, oil is not a 100% sure thing at this point. I suspect $2/sh pre-drilling would see an awful lot of "bird in the hand" selling. I am personally hoping it doesn't happen, so as to be spared that extremely nervous state and subsequent decision.
MichiganNative-
Other than the usual starry-eyed SP expectations, what reasonable expectations were there that did not come to fruition?
I know that all but one of my own expectations have been exceeded, and the remaining one awaits the results of drilling.
Since you keep bringing it up, I will reiterate that there was no "until" in Oily's post, as you imply.
mrogop-
re: Where was he at .90? - same place he is now, in an institution, is my guess. He can produce output, but cannot process, or, for that matter, accept input.
Worst case scenario? No oil in any of our blocks, result is SP=0. Not being trivialized here...existing industry standard surveys make it highly unlikely. Any other scenario leaves a SP at least roughly where we are...not an utter disaster; the outcome of most of those, however, is much more positive.
Of course, nationalization without compensation always lurks, but no apparent indications of that possibility as yet.
Show me two people that agree "reading more into it" and I'll show you a dozen equally knowledgeable, skilled, and intelligent that don't.
Anyone can, of course, "read more into it", but they are almost certain to be wrong.
If you are in this stock because you believe your personal extrapolations from known facts, then YOU are here for the wrong reasons.
littleBitmoore1-
Oil and gas are necessary commodities for energy production, and demand for them will keep going up so long as a revolutionary replacement is not found - so they have intrinsic value. However, precious metals are to a great extent like art, in that if no one was interested in buying, their value decreases by orders of magnitude. That, of course, has never happened - people by nature always want rare things - but the price of gold, for instance, has fluctuated to a great degree cyclically over the last fifty years far too much for my liking. Beware that it, and its periodic table kin do not arbitrarily plummet out of fashion. Best of luck.
RUBY1100-
In case you hadn't noticed, the post you reference does not substantiate anything - it's an opinion itself. If you really "..dont see how anyone can possibly have a descenting opinion" then I suggest you rethink why that opinion trumps anyone else's.
texasspeculator-
Absolute agreement here. I had a feeling I wasn't quite getting your drift last time.
And, even though I will argue SP valuation validity, if drilling begins next year as has been indicated by reliable sources, IMO the probability for a very positive outcome for EHRE are virtually certain.
But then, in the increasingly blurry picture that is the past, I have undoubtedly been wrong before. Lots and lots of times, in fact.
texasspeculator-
That $.32 long-ago valuation you mention is based on the same foundation as the $.90+ was, and our current ~$.30-and-dropping is. If you wish to assign valuation to rights, awards, partners, and PSC's, please feel free. But they do not give us chronic income, or even any whose eventual certainty can be calculated. Additionally (much as I hate it when others use the phrase in a way that assigns intelligence to the entity), the market clearly disagrees with you. And even if you ask among IHUB posters, I think you'll get widely varying numbers for that "valuation".
Until something material happens, the SP is, and has been for quite a while, in the hands of flippers. Why else would "gravity" always come into play, particularly between concrete events?
Need I say, IMO.
RUBY1100-
Just because some bunch of fool speculators ran the price up to .90+ because they THOUGHT something was imminently happening, you think that SP was justified. Hmmm.
And, of course, the BOD should have similar fantasies.
Reality may yet lie within your reach, if you try hard enough.
And, by the way, as far as anything that has been made public, this whole company rests on a foundation that is 100% perception, until our partners' drill bit hits target depth.
Mmmmmmmm-
Angryasian shows up, Electick puts in one of his infrequent appearances, and there's a higher percentage of deleted posts than I've ever seen before.
Here's hoping something's in the wind, and it's not Armageddon....
emdyal has chosen the "more explanation" option.
So let's see if emdyal understands it explained a third way.
Look at the world, it has many, many oceans.
There are lots and lots of oil drilling rigs in all those oceans.
They are real. You can see them. You can even touch them if you get close enough. There are real people on them running the drills, and fixing things, and even having lunch.
Emdyal says there are reports from fishermen and commercial shipping and even air traffic about those rigs.
Can emdyal show any of the reports made by fishermen and commercial shipping and air traffic for any of the drilling rigs that are really there and have real people working on them?
Or, maybe, those reports are only made by fishermen and commercial shipping and air traqffic when the drilling rig is in certain special places.
Special places like the Joint Development Zone in the Gulf of Guinea.
Yes, maybe that's it.
emdyal-
Perhaps you'd better reread my post that you're replying to (hint1: the words "known existing drilling rigs" are in it, and hint2: the acronym "JDZ" is not). Now, do you have any of the data I asked about, or is more explanation necessary?
OT:exceo-
And I to yours. Agree to disagree, eh? - and I sense that we potentially have much to disagree on, but not the important things, just small stuff.
emdyal-
Perhaps you have data from the sources you mention concerning known existing drilling rigs? I would be most interested to see some of it.
OT:exceo-
If Oilphant is indeed knowledgeable about his prognostications, whether he needs, or would like, our respect or not will remain moot until he himself clarifies that situation, if ever. Regardless of the percentage of those you know that like to get respect, I retain my stand that he does not care.
And of course criticism is ubiquitous, but most people by definition do what they think is valid in the first place, and therefore criticism of that will raise hackles. "wise" and "valid" have a wide variety of interpretations, depending on personal point of view.
exceo-
If Oilphant indeed knows some or all of what he infers, he has no need of our respect; otherwise, he, like every one of us, already gets the respect that he deserves as a result of his posts.
And, though perhaps your experience has been different, I have virtually never seen unasked-for criticism taken as constructive.
OT:dat_51or-
With almost complete access to the reality that the world consists of available to all, it constitutes dreaming to think private moral teaching, the adherence to which more often than not provides no payback, will override. For teaching to stick, it takes either obvious positive reinforcement over the alternatives, or a lack of alternative input. The days of the latter, available to some extent before now, are gone forever.
Oily's post actually said he would post again after the merger, not that he wouldn't post until then.