Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Friend of mine added 62K today also.
Here is an interesting excert about Raser Technologies from a book entitled "Profit From The Peak" that was put out in 2008. Enjoy the read:
Some of the most exciting developements in the geothermal industry aer coming from Raser Technologies (NYSE: RZ), a $618 million company that is revitalizing the industry.
Raser's is a two fold "wells to wheels" strategy.
One side of the business focuses on components to power cars. The Symetron(TM) electromagnetic motor system, designed for use in hybrid cars, got the Frost & Sullivan 2006 Technology Innovation of the Year Award.
The Symetron system is an AC induction motor that can function as both the alternator and the starter. It's only four inches long, weighs a lightweight 66 pounds, and can deliver 64 horsepower with a 170 lb/ft torque to move the car-a lot of punch in a small package.
When functioning as a generator, it delivers a whopping 20 kilowatts of power, enough to recharge the car's lithium-ion batteries and still run all the accessories.
The company believes that the increased power, lower cost per kilowatt, high torque, and high reliability of the Symetron motor can help make plug-in hybrids an economical reality for millions of millions of drivers. That makes it what the Frost & Sullivan analysts called a "disruptive techology," something that can really the system ready for mass production and striking partnerships with key players to manufacture it.
The other side of the business generates the power to run those cars most of the time from goethermal power. Using a variety of licensed technologies and binary cycle generator units made by United Technologies Corporation (NYSE: UTX), Raser is in hot pursuit of the geothermal potentialof the West.
The unique advantage of the United Technologies' geothermal generators is that they can harvest some usable heat from relatively low-temperature heat sources---as low as 165 degrees, depending on the site. This temperature range was previously unusable for the geothermal generators of the past which needed a heat source of at least 500 degrees.
Such generators can even use waste heat from other industrial processes as their heat source, or use tapped out oil and gas wells to access the heat below. Deploying units in such locations can be immensely profitable due to the very low start-up cost.
These generators are basically overgrown refrigerators running in reverse. "The organic Rankine cycle-based power system is an advanced binary cycle system that is driven by a simple evaporation process and is entirely enclosed, which means it produces no emmissions," according to a Raser press release.
Essentially, they take about 30 to 40 degrees from the hot side (such as a hot hole in the ground) and dissipate it to the cool side (using an air-cooled heat exchanger on the surface), turning a turbine as they do so. The turbine spins as the refrigerant fluid cycles through the system and is heated and cooled. It's the temperature differential between the two sides that makes the system work. So even if you have to dissipate the heat with an air-cooled system in the hot desert sun, as long as the temperature of the heat source is at least 140 degrees hotter, you're good to go.
At night, when it's cold outside but still toasty underground, these generators really preform, pumping out their best power precisely when solar panels are nonfunctional.
Put one of these units next to another industrial operation-say, a smelter or a paper mill- where you've got a lot of waste heat being generated, and dissipate it to, for example, a shallow, cold underground aquifer, and you're basically harvesting free energy. You're making use of otherwise wasted Btus while doing no harm to the environment.
Raser's growth potential is enormous. Its goal is to build geothermal generating capacity at the rate of 100 megawatts per year for the next three years. That's equivalent to about 4 percent of the entire current U.S. geothermal generating capacity, every year, just by one company. Raser has been buying up leases left and right for the past few years, and now holds leases on 34,000 acres in Utah and additional acreage in Nevada. A report Raser did in March 2007 showed that just one of the leased properties in Nevada could potentially support 300 to 500 megawatts of power generation-- again, in a relatively tiny footprint.
Yes. Put me in with DBRM. Thank ya kindly, Lucy.
Sounds like a plan.
Please move my XTXI pick into the long term catagory, Lucy. Thank you.
Subject: TO GOD . COM
Dear Lord,
Every single evening
As I'm lying here in bed,
This tiny little Prayer
Keeps running through my head:
God bless all my family
Wherever they may be,
Keep them warm
And safe from harm
For they're so close to me.
And God, there is one more thing
I wish that you could do;
Hope you don't mind me asking,
Please bless my computer too.
Now I know that it's unusual
To Bless a motherboard,
But listen just a second
While I explain it to you, Lord.
You see, that little metal box
Holds more than odds and ends;
Inside those small compartments
Rest so many of my friends.
I know so much about them
By the kindness that they give,
And this little scrap of metal
Takes me in to where they live.
By faith is how I know them
Much the same as you.
We share in what life brings us
And from that our friendships grew.
Please take an extra minute
From your duties up above,
To bless those in my address book
That's filled with so much love.
Wherever else this prayer may reach
To each and every friend,
Bless each e-mail inbox
And each person who hits 'send'.
When you update your Heavenly list
On your own Great CD-ROM,
Bless everyone who says this prayer
Sent up to GOD.Com
Amen
Morning one and all. Let's start our day off with some good old fashioned clean humor. Have a great Lord's day!
Subject: Hymn Titles by Occupation
Hymn Titles by Occupation Do you know your (specific) hymn(s)? When you go to Church this weekend be sure to smile as you go through your Hymnals!
Dentist's Hymn.................................Crown Him with Many Crowns
Weatherman's Hymn.....................There Shall Be Showers of Blessings
Contractor's Hymn.......................The Church's One Foundation
The Tailor's Hymn..........................Holy, Holy, Holy
The Golfer's Hymn.........................There's a Green Hill Far Away
The Politician's Hymn....................Standing on the Promises
Optometrist's Hymn.......................Open My Eyes That I Might See
The IRS Agent's Hymn......................I Surrender All
The Gossip's Hymn.........................Pass It On
The Electrician's Hymn...................Send The Light
The Shopper's Hymn.........................Sweet Bye and Bye
The Realtor's Hymn............................I've Got a Mansion Just over the Hilltop
The Massage Therapists Hymn.......He Touched Me
The Doctor's Hymn............................The Great Physician
AND for those who speed on the highway - a few hymns:
45mph..................God Will Take Care of You
65mph.....................Nearer My God To Thee
85mph..................This World Is Not My Home
95mph....................Lord, I'm Coming Home
100mph..................Precious Memories
Give me a sense of humor, Lord,
Give me the grace to see a joke,
To get some humor out of life,
And pass it on to other folk.
Let's make it three of us who agree. GREAT buying opportunity, IMO, on RZ for a buy and hold strategy. Good looking future for this company.
GLTY2
XTXI up respectable for the week thus far from when I put it in here at the start of the week. Would have LOVED to have put it in last week when it went from .78 to 1.77. Currently at 1.94. Heck of a buy and hold stock, IMO.
GLTA
Subject: HOW GREAT IS OUR GOD?
If you want to be blown away by the awesomness of God Google Laminin, then go to Laminin, Louis Giglio and check out the you Tube. This is hard to fathom.
Looks like a fun board here. I'll jump in with XTXI.
Excellent reply! Thank you very much for your time.
I will certianly be looking into this a lot deeper.
GLTY & A here with this investment.
Anybody have any predictions now as to how far this will drop?
GLTA invested here.
I agree. This is a very interesing looking company. Still gonna wait a bit though. If I'm right, great. If not, GLTA invested here.
Looks like a pretty good move to me. GLTY!
I must sadly agree. There will be a LOT more blood flowing in the gutters of Wall St. before this is all said and done, IMO.
GLTA, we'll need it!
Wise words, excel. It's the only way to start the day and end it. It never hurts anytime in between also!
Have a great Lord's Day,
oilslick
You have welcomed me here before, excel and I thank you again for making me feel welcome here. I don't get over here as often as I want/should but when I do I really enjoy what I see.
Till next time, take care & GB,
oilslick
Thank you for your kind words! Much appreciated. Annabelle is doing very well. It sure looks like the sky is going to be the limit for this young girls life. All praise and glory go to the Great Physician for this healing miracle.
I hear you about buttons being pushed and the old person trying to be dug up again. The only part I want of the old me is the memories that keep me humble and grounded as to what I was before I accepted Christ as Lord and Saviour.
With the stress that is going on in this great country it has pushed many to the limit stress wise and there are times where some may struggle to keep themselves Christ centered. Thus is way it is for now as long as we inhabit these temporary bodies. Until then, we have to try as best we humanly can to stay focused on the ultimate prize that awaits us at the end of this journey, no matter what life throws at us.
GB,
oilslick
Excellent post, asus! Right on the money.
Subject: Without God
Without GOD, our week would be: Sinday, Mournday, Tearsday, Wasteday, Thirstday, Fightday & Shatterday.
Every time I am asked to pray, I think of the old deacon who always prayed, 'Lord, prop us up on our leanin' side.' After hearing him pray that prayer many times, someone asked him why he prayed that prayer so fervently.
He answered, 'Well sir, you see, it's like this... I got an old barn out back. It's been there a long time; it's withstood a lot of weather; it's gone through a lot of storms, and it's stood for many years.
It's still standing. But one day I noticed it was leaning to one side a bit.
So I went and got some pine poles and propped it up on its leaning side so it wouldn't fall.
Then I got to thinking about that and how much I was like that old barn. I've been around a long time.
I've withstood a lot of life's storms. I've withstood a lot of bad weather in life, I've withstood a lot of hard times, and I'm still standing too. But I find myself leaning to one side from time to time, so I like to ask the Lord to prop us up on our leaning side, 'cause I figure a lot of us get to leaning at times.
Sometimes we get to leaning toward anger, leaning toward bitternesss, leaning toward hatred, leaning toward cussing, leaning toward a lot of things that we shouldn't . So we need to pray, 'Lord, prop us up on our leaning side, so we will stand straight and tall again, to glorify the Lord.''
LOL!!! Not yet.
I see you have noticed that ZN and ISRL have done quite well lately. Been on those for quite some time. What a ride! Noble hit it big for Israel on NG off shaore recently also, just in case you missed that one. Might be some Muslim countries getting pretty ticked off if oil does show up in Israel big time. Gonna be fun to sit back and watch this as it unfolds.
Oh yeah, Keith will do just fine where he is at in Kansas, IMO. Whether some want to admit it or not.
Over $8 again? GE rally hats! Get 'em while their hot!!!
Sounds for sure like you are in line for a White House cabinet position to me. Are you from Illinois by chance??? LOL!!! J/K
Interesting opinion article on oil:
Peak Oil: why $40 per barrel is no cause for complacency
David Strahan and Gary Kendall
20 February, 2009
http://www.sustainability.com/researchandadvocacy/columns_article.asp?id=1656
These days it is comforting to have one thing not to worry about. As the world teeters on the edge of a full-blown depression, and business is crushed between slumping sales and seized-up credit markets, at least the oil price is in retreat. From an historic high of $147 per barrel last July to around $40 today, the price of crude has collapsed so quickly it is tempting to believe it means the end of the energy crisis; that the spike was just some speculative aberration; and that all talk of ‘peak oil’ is so 2008.
It is true that the horizon has been utterly transformed. Last year the big issue keeping many company bosses awake in the small hours was rising energy bills - this year all manner of competing spectres haunt their sleepless nights. But to relegate oil simply because the price has slumped is to misunderstand the causes of the recent spike and collapse, and therefore the future outlook for energy prices and what it means for business and the climate.
It is commonplace to blame $147 oil on booming demand in China and India, but that is only one half of the equation. The other is that global oil production between early 2005 and mid 2008 was stagnant, at around 86 million barrels per day. So for three years the oil supply was a zero sum game: the East consumed more, and with production static, the price of crude had to rise to force the West to consume less. Under the circumstances the oil price was a one way bet. But in the past, rising demand has always been met by increased output, so the key question is: why did global oil production fail to grow?
Analysts divide the oil producing world into two halves: OPEC and the rest. Non-OPEC output has underperformed against forecasts every year this century. Because it depends on production from regions that are increasingly mature, non-OPEC output is widely expected to peak by around the end of this decade (most observers attribute the sharp jump in proved reserves of several Middle Eastern members during the 1980s to a dispute over production quotas, which created an incentive to overstate reserves). But OPEC also failed to raise its game, and this is unlikely to have been the result of deliberate market manipulation. At $147 per barrel, the incentive to pump more oil rather than risk destroying demand would have been irresistible, if it were possible. In fact, there are good reasons to suspect that the cartel’s members have been exaggerating the size of their reserves for decades. So OPEC’s collective inability to respond to record prices by raising production may suggest its output is approaching its geological limits. If we have not yet arrived at the oil peak, we seem at least to be in the foothills.
The subsequent oil price collapse is just as misunderstood as the spike that preceded it. Of course, the price is falling because demand is shrinking, and that’s due to the recession. But what caused the recession? The obvious culprit is the banking crisis, which has clearly been extraordinarily damaging. But so too are oil price spikes; every major recession since World War II has been preceded by one.
It’s not hard to see why: the global transportation system – moving goods, workers and consumers around, thereby enabling an increased level of economic activity to take place – is almost entirely fuelled by crude oil. When the price of oil soars, almost all aspects of modern daily life become more expensive. And as the oil exporters accumulate more of the world’s money, so everyone else has to make do with less.
The 2008 spike not only set a new record high oil price, in both absolute and inflation-adjusted terms, but it was also very sudden, with the price almost trebling in around eighteen months. So it seems highly likely that even without the credit crunch, the oil market fundamentals would have been sufficient to push us into a global recession.
Far from being a source of relief, today’s relatively low oil price is as damaging in its own way as the spike. Oil companies around the world are cancelling or delaying investment in planned production projects, because they are uneconomic at current levels; $60 billion of investment in the Canadian oil sands was shelved in the three months to January alone. At the same time, existing global production capacity is constantly shrinking, as oil fields age and reservoir pressures decline. The International Energy Agency (IEA) estimates that capacity is currently shrinking by around two million daily barrels per year, and that this decline rate will accelerate in future (World Energy Outlook 2008 IEA). Oil production projects have long lead times, so the combination of declining reserves and limited investments means there is a very real danger that when economic growth returns, oil supplies will be inadequate to meet demand, and the price will spike once more. And the cycle starts all over again.
Extreme volatility in the oil price will of course mean the same for gas and electricity. Natural gas purchasing agreements are tied to the price of crude, meaning that extreme volatility in the oil price means the same for gas and electricity – as has been demonstrated in the past two years.
This is likely to wreak havoc with company budgets, and share valuations – at least for those companies that do not take steps to reduce their exposure. A recent analysis of the correlation between energy costs and the share valuations of logistics companies showed that financial markets can reward fuel thrift and punish profligacy. A 10% rise in energy costs was credited with precipitating a 10 cent fall in FedEx’s share price, but a rise of 3 cents for UPS. It turns out that fuel-per-package-delivered is a key performance indicator for UPS, for which managers are held accountable. So in addition to carbon reduction, cost cutting, and resilience to short term supply disruption such as the UK fuel duty protests of 2000 (which are likely to become more frequent as the oil supply tightens) there is now yet another reason for companies to eliminate their dependence on oil.
When the next spike occurs depends crucially on the depth of the recession – or depression – although analysts such as Barclays Capital forecasts that in the fourth quarter of this year the oil price will average $87 per barrel, rising to $96 twelve months later. But for as long as the oil price stays low, it’s not just bad for the future oil supply, but also for investment in renewable electricity generation, where the economics are judged against the cost of electricity from gas fired power stations. The impact is worsened by the low price of allowances in the EU Emissions Trading Scheme (ETS), now languishing at around €10 per tonne of CO2, where most energy analysts believe it is impotent as a stimulus for green energy investments. (The economic slowdown has thus highlighted one of the inherent flaws in the existing EU ETS: emissions allowances are allocated in advance, on the assumption that economies will grow.) Major projects such as the London Array offshore wind farm are in the balance, while plans by the legendary oilman T Boone Pickens to build the world’s largest wind farms in Texas have already been put on hold. Paradoxically, one of the indirect impacts of falling oil consumption is that investments in green energy technologies are less economically viable.
If we are still in the foothills of peak oil, there is good evidence to suggest we will reach the summit well within most companies’ planning horizons. We are clearly already in deeply unsustainable territory: discovery of oil has been falling for over forty years, while consumption has risen inexorably, save for a couple of brief recessionary interludes. Today, for every barrel of oil we discover, we consume three; annual production is already falling in over sixty of the world’s 98 oil producing nations. Many oil companies and forecasters expect trouble at least by the middle of the next decade – whether or not they strictly accept the term ‘peak oil’. Shell expects global production to plateau, Total’s chief executive, Christophe de Margerie, says the world will never produce more than 89 million barrels per day, and the IEA says we face a “supply crunch”.
Given the prominence of the peak oil debate, no CEO can claim they were not put on notice about this fundamental threat to their business, irrespective of their role within the economy. It is hard to imagine any sector prospering today in the absence of a functioning transportation system.
The good news however is there is absolutely no shortage of energy. The sunlight that hits the earth in an hour contains enough energy to run the global economy for a year. But while solar, wind, wave, tidal and geothermal energy can all be harnessed to generate clean electricity, they cannot hope to solve the oil crunch – and with it many of the environmental consequences of our crude oil addiction, not least climate change – as long as the global economy runs on liquid hydrocarbon fuels.
There is scant evidence that governments have awoken to the scale of the peak oil crisis, the impacts of which will surely be felt well before the worst effects of climate change start to kick in. Oil market psychology lurches between two extremes: complacency and panic. What we need is to find the middle ground: a sense of urgency and an appetite for action commensurate with the challenge, and to sustain it even when oil prices are low. The trick for corporate leaders will be to figure out what the post-petroleum economy is going to look like, what technologies and policy frameworks will be required to expedite the transition, and what risks and opportunities will emerge within the changing regulatory environment. In short, they will need to plan how to survive – or better still, profit from – the inevitable transformation.
Looks like O'Reilly was right after all in the long run.
Where does the GE S/P go from here???
GLTA GE shareholders.
Wise words, badknees29.
GLTA here!
That is a very interesting book by F. Batmanghelidj, MD you are referring too. I actually had a doctor from out in California recommend it to me. Just getting started on reading it.
Makes ya want to go out and buy some VE stock. LOL!!!
Quality discussion on the AH trades last night. It makes no sense at all to me as to why someone would be dumping shares, unless for extreme hardship, at the current S/P. Someday this is all going to come out and, IMO, in the end it will work out in our favor. JMHO.
Due to it being unusally slow around here today this opinion article should be of interest to some on the future of oil prices. Enjoy the read everyone:
----------------------------------------------------------------
Enjoy low oil prices while you can: guru
Barry Critchley, Financial Post
Published: Saturday, February 07, 2009
http://www.financialpost.com/analysis/story.html?id=6a0d1e82-4624-4926-ae7f-3a43db9318c8
Henry Groppe, founder of Houston-based Groppe, Long & Littell, is 83 years old, a vegetarian and has been a forecaster in the oil and gas business since 1955. And he is not afraid to go against the conventional wisdom. One year back he predicted the oil price would collapse in the second half of the year -- and not reach the much talked-about price of US$200 a barrel.
Now Groppe, a special advisor to the Toronto-based Middlefield group of companies, has done his analysis and concluded that between now and year end the price of oil will double. If that forecast pans out, oil will hit US$80 a barrel, or more than double what others are predicting. His advice to consumers: Enjoy the current low gas prices, because they won't last for much longer.
"Given enough time, it's the fundamentals of supply and demand balances that control the price," Groppe said. "It's just like journalism: 'Get your facts straight,' " he said, when referring to moves inside the 80-million-barrel-a-day global oil business.
He bases his 2009 consumption forecast relative to 2008 on three such factors: the two-million-a-day barrel cut in production from OPEC, the bulk of which will come from three countries (Saudi Arabia, Kuwait and Abu Dhabi); the four-million-barrel-a-day increase in demand that will result from the average 50% decline in the crude oil price; and the 1.2 million barrel drop in consumption that will flow from the global recession. Put them all together and what emerges is a 4.8-million-barrel-a-day net oil shortage.
"There has to be a big upward correction in prices to bring things back into balance," Groppe said.
Groppe pointed out that two of the factors are dynamic, meaning that so-called demand elasticities are associated with them: a 0.1 elasticity between price and demand and a 0.3 elasticity between price and world growth.
Overall, the reduced consumption effect of the global recession, while large, will be more than offset by the effect of the lower price.
"[The significant] price change, because there is so much volatility, has much more impact on oil price than economic activity," he said.
Groppe said cutbacks by OPEC, unusually cold weather and China driving up the price of distillate (because of a plan to substitute for coal) explain all but US$25-US$30 per barrel of 2008's peak-oil price. He puts the rest of the gain down to the actions of "momentum traders. They piled on," he said, noting the current price is about US$20 a barrel lower than what fundamentals would dictate.
The veteran forecaster said "depletion and rational exploration" are the two most important "controlling fundamentals" in the oil industry. He argues that depletion gets underway when production from a new well starts while explorers are focused on finding the biggest discoveries. Groppe isn't impressed with much of the analysis done by governments, agencies or companies.
"The big problem is the terrible quality of the data. Do it long enough over the years, you get some feel for what the actual [supply and demand] balances are." But you have to try and pin down what's actually happening versus the misperception of what's happening," he said.
bcritchley@nationalpost.com
Yeah, it is kind of amazing but after the past couple of months I wouldn't get to used to it. LOL!!!
Kind of doubt it since they post their hours and the ways to contact them. Very nice and considerate observation though.
Heard anything new on this one at all recently?
We have talked about PBR before and I believe you are right on with the view you have just stated.
Interesting article for you also from another board:
Oil Price Over $100, in a Blink
By Michael J. Economides
Posted on Jan. 20, 2009
http://www.energytribune.com/articles.cfm?aid=1238
The Cassandras are out in force these days. Some are true believers. Others are masochistic oil men. They claim that the recent price of oil -- at almost $150 -- was a “spike” fomented by speculators. And now that the oil price is down, it will never go over $100 again, it may even go down to $10 or it will stay at $30, forever.
Some of these analysts have written for this publication. How US-based speculators, as blamed by a recent TV show, can cause the wild ride towards $150 oil, is mystifying. This was supposed to happen while world oil consumption was more than four times that of the US. Big, bad oil is no longer blamed for the price hike?
The analysts are right on one thing. There was never really a rational reason for $150 oil. Headlines ruled and speculators did ride them. But oil at $40 is also irrational, fed by headlines about the economic crisis.
There are three main reasons why oil cannot stay at $40 or even $70.
First, is the physics of flow in porous rock reservoirs. (I have often wondered how many of the analysts think that oil is found in underground rivers and lakes of oil.) Most economists simply do not understand that oil is a depleting resource and that one does not need to do anything for supply to go below demand. Decline rates for world oil production are now at 6.7 percent and will grow to 8.6 percent by 2030. If only 15 percent of wells that should be drilled are not drilled, then supply will be reduced by 1 percent, even assuming a flat demand. Just one percent of over- or under- supply can move the price of oil by 50 percent.
Second, is the equilibrium or, more appropriate, the break-even price of oil. This is the required price for new wells to be drilled and for oil companies to invest, especially in new areas. The break-even price is something we can determine using the “activation index.” That index is the amount of money required to bring to market a stabilized production rate of one barrel per day. Using that index, along with life-cycle economics based on the well’s expected longevity, observed annual decline rates and after-tax cash flows, the break-even price of oil can be calculated. For example, the activation index for West Texas is about $15,000 per barrel per day. It takes $300,000 for drilling and completion costs to deliver 20 barrels per day. Surprisingly, on some offshore projects with 1,000-barrel-per-day wells, the activation index is about the same, even though the wells may cost $15 million.
I have calculated the break-even price for many petroleum producing areas of the world and by weighing their contribution to the total production, we can calculate the world equilibrium price. A critical variable is the discount rate or the time value of money. This ranges from about 10 percent in stabilized parts of the world such as West Texas to, perhaps 50 percent in Nigeria. For places like Russia and Venezuela, the risk is such that discount rates for most serious oil companies would be 100 percent or more. For Iraq it is still in the stratosphere. Today, I calculate the world break-even price at about $70. This is, of course, the average, meaning that in some places it is $30 and somewhere else may be over $90. The bottom line is this: Oil below $70 simply cannot generate new production in great swaths of oil places and some of them are huge, like Russia and Venezuela.
The final point is my favorite geo-political aphorism: With oil at $100, Hugo Chávez and Vladimir Putin are 1,000-pound gorillas; at $40 oil, they are reduced to monkeys. They need the oil revenue to prop themselves up and, especially, to project their countries’ geopolitical clout and relevance. They are certainly not consensus-seeking democrats nor are they patrons of free markets. They will do anything, including unilateral production stoppage or other theatrics to bring oil back to the price they want.
Oil is going back to $100, and very soon.
5:09? Up with the chickens this morning, eh Badge?
LOL!!! Sorry, had to do it after yesterday's discussion.
As long as what they are pulling out of the ground keeps them debt free and moving forward, regardless of the pace, I don't worry about the numbers. All in good time, IMO.
Have a good one everybody. I'm off to work. -6 degrees here and I'm going to make ice cream. Nice sounding combination!!??!?! LOL!!!
See ya all this afternoon.
Yes, I've looked at some of the Bourbon Arch history as well. Pretty impressive reading.
Very much worth the time for people (present, & possibly future shareholders) doing DD here to look into it.
FWIW, no matter what you read here on this board (positive or negative) always, always, always, carry it one step further and verify everything for yourself. Be responsible for your own actions if you decide to buy Hemi stock or pass on it for that matter. IMO, and IMO only, I think this is one heck of a company. Right or wrong, and on my decision only, did I put my hard earned money into this company. In the end, if I'm right, so be it. If I'm wrong, the only one who gets the finger pointed at is the man I see in the mirror.
GLTA, no matter what side of the fence you stand on with Hemi Energy, Inc.
From everything that I have been able to gather and understand concerning Hemi's game plan I believe that you are very, very, close to being right on the money with your thoughts/comments, REAZO.
It would certianly not be a good thing for a company like Hemi to have a lot of debt, or any debt for that matter, right now. Not the way things are going at this point in time in this sector and, IMO, I don't believe for one second that they do.
Exactly REAZO. You state that:
"Taking all that oil out is NOT the primary goal. Production is solely meant to move the business forward, pay the bills, and further development as much as possible. The primary goal, as I understand it, is to drill and PROVE UP the reserves, preparing the company for a buyout."
That is the way I have understood the Hemi game plan was going to work when I first bought shares. I am confident that it is exactly what they are still doing or I wouldn't still be here.
If you have done your DD and personally believe in what the company is trying to achieve, then being willing to wait and having patience for Hemi to execute their plan is what it will take here. If you are a long style shareholder that is.