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In order to be as helpful as possible for the mods who must painstakingly and fairly decide on a relevant, and outstanding post of the day I have found similar articles to the current post of the day, an article about XTO Energy. These are just as on topic and relevant since hemi owns a quarter acre or so in the barnett shale region.
www.rigzone.com/news/article.asp?a_id=28657
www.askchesapeake.com
www.tx-energy.com/11/Barnett_Shale.htm
www.rrc.state.tx.us/barnettshale/index.html
www.aapg.org/explorer/2002/07jul/barnett_shale.cfm
www.tradingmarkets.com/.site/news/Stock News/738634
www.aapg.org/explorer/2006/02feb/barnett_shale.cfm
www.anteroresources.com/gui/content.asp?w=pages&r=210&pid=219
Last two involve xto and another involves chesapeake, the two O and G companies WE HAVE ALL ASSUMED are in the area where hemi has their quarter acre, eighth acre, half acre, acre? lease.
So each of these can then be post of the day for the next week or so.
I have door alarms and my dog is in a back bedroom when I am out since it is cold,with the door closed. He does not make any noise so if someone is foolish enough to come in and set off the alarm and opens the wrong door my dog has an unexpected playmate, until the police arrive at least.
Just hope they shoot the right critter.
It certainly is a buyers market and sounds like you can get a very good deal, under fifty percent of value.
There are also relatively inexpensive electronic security systems using motion detectors, sensors and lights to go along with the dogs. With the money you save you can have a multilayered security set up.
In South America where there are some large estates for very wealthy people, homeowners keep tigers and the warning sign says "Trespassers will be eaten" in Spanish I would assume.
Every now and then somebody tries something stupid and they become a chew toy. GLTY
I think Keith is going to sell everything. He has said he does not like the idea of having to answer or deal with shareholders. He has said before he was not happy taking the company public. I believe he is going to be selling and retiring, which is what makes hemi attractive to me. The better he does, the better investors do.
The company in Piqua is a way to grow hemi which to me suggests no buyout in the immediate future. IMHO
I agree with everything you posted Kelsey. That is one possibility. There are others. This fits with Keith's long term plan he stated. It may not happen yet that is all.
There is something happening that sort of argues against any immediate buyout. The fact that Keith bought the property in Piqua, Kansas for the purpose of creating another subsidiary to grow Hemi Energy Group, goes against the idea of a quick buyout. I think it is smart to be working on multiple tracks as far as increasing the value of hemi for a possible buyout.
We just do not know when, other than by 2010 a buyout will occur, if then.
The proving up of reserves is good. As an investor I would like to know some numbers. I am sure there are people on the sidelines waiting for some hard numbers before they consider purchasing shares of hemi.
Keith's need to keep investors either in the dark or chewing over very general information like the Fort Worth lease(s) is what is contributing to the low share price. He feels it is a strategic decision that he must do and the shareholders are left with hope and low priced shares and no new investors enter to help raise the share price.
Coydog my first degree was in Bus Adm and I have accreditation in Theory of Finance with the Society of Actuaries among other math areas. Just my two cents.
Banks actually lose money on foreclosures and then lose more money trying to maintain and then sell the properties. The vandalism scenario was a great example of that.
You can use this to your advantage if you have the resources.
If you can find a bank holding multiple foreclosed homes in relatively decent areas, and if you know folks or friends or even tenants to look after live in or rent them until the market turns, you can probably get a great deal on multiple dwellings, moreso than just one. After the election economy will turn because a lot of it is psychologically based for the average consumer.
The bank would haggle and maybe take a tough line on someone taking over one foreclosed home but to take several in one swoop you could really do well. Just something to consider, you might try testing the waters and see what happens. Does not cost anything to stick your big toe in. GLTY
Thanks Kelsey, I just wish I owned as many shares of XTO energy as I do of hemi energy.
And yes I hope this MAY have some positive meaning for hemi in the near future.
And no, I do not need any assistance in reading or understanding this post or the idea of checkerboarding.
I have found many posts about chesapeake and xto on the hemi board, but have yet to find any posts about hemi on the boards of those two companies.
Maybe we will have our day, I hope so.
Based on volume and price today the best we can say is we maintained with no more information than we had last week.
I hope that fact the we have some unknown amount of leases costing us an unknown amount of dollars, purchased at some unknown time, in some unknown place in the fort worth area where leasing is going through the roof, will help shareholders of hemi.
The only thing that is not unknown concerning hemi's proximity to any of these leases is the fact that the street, aka potential buyers of hemi, do not see this as helping us greatly. I could be wrong and hope this is what starts us on a great climb but today's price and volume is not exactly a strong indication of that.
Good luck to all of us who are still holding hemi.
It really is a false issue that originally was brought up by bashers.
Now, for some reason, those who own the stock think somehow changing the situation will cause investors to come stampeding in to buy hemi as quickly as they can.
It is not going to change, period. People need to accept it, get over it if necessary and move forward.
Hemi will do what it does based on its merits, not on this relatively minor(for a pinksheet) issue.
The best thing to make the issue disappear, again, is a strong pr with some numbers and clear statement as to where hemi is headed.
We will see that when KAA feels it is appropriate.
I know for a fact that the ta will remain gagged and nothing will change it. I am not at liberty to give my source but it is not going to happen. No amount of posts, emails to ceo or complaints anywhere else is going to change it and I am prepared to live with it. After all, I bought with a gagged ta, and when I sell hemi at a nice profit in the future, the ta will be gagged.
For most pinks I look at AS anyway, that is the key number. The issue is one of dilution and with only 100mil auth this really is a false issue. How many pink o and g stocks have this low an AS number?
In the case of hemi and a buyout that is the number that will determine the price per share anyway.
The sooner this issue is realized to be final and unchangeable the better. Then posters can post on other topics of interest to shareholders.
GL to everyone.
Yes my sentiment has changed as far as my willingness to believe on faith. I am sure you will be able to find plenty of other posts of mine just like that.
But as we think hemi is growing, my perception has changed.
My posts have tried to balance the rampant speculation that has been occurring on this board.
I still think this will be a good year for us but at the momemt feel frustrated and misled.
Just want to see some prs with real, verifiable information with some hard numbers.
Those are probably the only things that will move hemi in a positive direction. No one on this board is able to talk it up, that has to come from the company.
No more blinders, no more Kool aid for me.
Oh and btw to the person who pmed me, when pumpers provide some real information about hemi, not tangential to hemi, that might, may, could be, hope is good for hemi then there will be no need for me to spin things the other direction to show the vaccuousness of such specious claims.
Someone just pmed me and said I was sounding more and more like Badge. I will take that as a compliment.
Like Badge probably would, I also would hold off any excitement until we see some numbers.
Arent we overdue for a pr?
The Tarrant County lease info was a good tease.
Where are they, other than wedged between two big players?
How many leases and how many acres?
When were they purchased? Because prices have risen so much if we bought them in 2006 it was a great buy. If we bought them as recently as the pr, we bought them while prices were rising, which leads to next question.
Can we be sure they will be necessary to the drilling plans of the two big players?
Will they be the reason we get to piggyback with the big players and earn revenue from their efforts, or will it be a place to set up an eatery where the workers of the big oil companies go for lunch?
Non specific pr-ed information is so much fun.
It can be spun in so many different ways.
Thank you duelittle2. I always value your experience and insight. A.F.
And yes you are spot on about the other post.
I agree with everything you said about hemi except one thing.
I have never demanded more information from Hemi, though I would like to see it.
What I have been saying is that the rampant speculation and pumping has had no basis, and early on I was probably as guilty as others.
I have followed and owned hemi longer than most here and wish I had sold previously in order to own more shares now.
The game is not over yet.
It is easy to tell anyone with less than 100% koolaid sentiment to sell.
It is not so easy to PROVE what we think will happen.
We get bits and pieces, we get dots to connect and management knows to what lengths investors will go to make connections that could be there or could not, with the hope the connections exist.
Right now the share price says a lot.
Will not sell at this level or lower.
Until we get some hard numbers from Hemi everything really is just pie in the sky, hope and speculation.
To continue the analogy,
some of the vehicle id numbers are unclear so we do not know if we have a stolen car or the real thing.
The odometer says 7,000 miles, but is it turned over or turned back, we do not know.
We bought the car with the belief there something good "reserved" in the trunk that someone would be willing to pay a lot of money for in the future.
We bought the car and have, what we think is a clear title, but we do not even get to drive it, the person that sold us the car does.
Cant walk away and sell the car because already too much put down and it seems to have depreciated in value.
That is the hemi car.
And I would like to see a week of facts and not speculation.
And because we always seem to get incomplete information from Keith which could be taken negatively or positively, we have to get those facts elsewhere.
Maybe we will get a pr with some information that Keith can be accountable for including some hard numbers.
Then we may see the share price go to where we all think it should go to.
I am not "continually running them into the ground" as you stated.
I am invested as you are.
I am trying to deal with things we know and not speculate on things we do not really know.
There is nothing wrong with a healthy dose of reality, at least once in awhile. And you can quote me on that.
Yes we could be bought out at a nice valuation of the total of all of Hemi's assets.
As I responded to Mur's post, that is one possibility. And I do think Keith will maximize any sell he does since he has more at stake than anybody.
The leases in Fort Worth could, but only could, be the tipping point.
But also they may be a slight stumbling block for the companies that pay a little more to go around hemi.
We just dont know.
I hope, for all of us, that Keith is as shrewd as he appears to be and has purchased leases that will force their hands or at the very least add considerable revenue to hemi.
There is also the obvious intention of Hemi growing into a larger company, ala Hemi Energy Group.
As an investor I just want to maximize my return as we all do.
I have grown weary of the secretiveness and the blind faith, as I once had, in hemi.
Show me the money.
" I will let Keith run HIS company as he sees is best."
Well MM2B that is mighty gracious and noble of you to let Keith run hemi the way he sees best. In fact, as shareholders, you and I, we HAVE NO CHOICE.
Of course we do have a choice about one thing to buy or sell.
I am not ready to sell yet because the hand has not been played out.
I just dont think we should be believing we are holding all the aces and should feel great about it if there are still trumps out there.
I think you are right. And I hope you are right.
I believe it is always dangerous to expect the best from our end as shareholders and assume the worst of the competition.
We all have expectations and emotions, but when they become unsupported speculation we are getting into a bad place.
I want hemi to succeed but attributing things that are intangible and unsubstantiated to Keith and Hemi are not going to get us where we all want to be.
Sure, but CEOs of the larger oil companies who are making much more money than me, you or Keith, are not there because they are stupid. Dont you think they know what they are doing, maybe they are even smarter than Keith. Maybe they know how to get around the leases he has acquired. Maybe they have many more resources and much more money at their disposal to get around him and make him look like a yokel. YOU JUST DONT KNOW.
BOTTOM LINE. YOU JUST DONT KNOW.
Look at market caps, salaries, assets, incomes of these oil companies compared to Keith and hemi.
I am not dealing in blind faith.
I want to see hemi succeed as much as anyone but I AM NOT DEALING IN BLIND FAITH.
Venezuela is an Opec member so acts in concert or risks being severed from them. He loves to posture but has no real bite.
What would happen with the loss of oil revenues to that otherwise third world country? Are they going to start consuming oil, because what other source of revenue is available to them? Chavez is nothing more than a flea who needs oil revenue, why else sell so much to a country he claims to despise.
Big Mur this is exactly what could, I say could, happen. Keith may force a buyout by not accepting any offer short of the entire one hundred million shares of hemi.
This would be why the leases in other states have not been exploited, other than the prohibitive cost and time, why gas has been left "behind pipe", besides being uneconomical for hemi and why the coal bed methane is just sitting there.
On the other hand Keith may envision a larger HEMI ENERGY GROUP including other subsidiaries such as Sabine Royalty Trust and others.
Because of Keith's secretive nature and the need to trust his judgement, we just do not know. All of us are just left to speculate, some positively, some negatively.
If Keith was smart enough to get leases in the checkerboarding scheme, which were completely required, it would be a brilliant move. If he bought leases in places that could be easily bypassed it was a waste of money.
We just do not know.
We just do not know.
We just do not know.
Fat Cat, Big Spender, MoneyBags LOL
Yes, thanks zguy and he also said in one of the interviews if and when hemi is sold it would be based on industry valuation standards and not share price valuation.
I would like to know, and we may not know unless, until it happens, what he thinks a good sell price would be or (less likely) what he believes hemi is worth now. Giving it as an opinion or hoped for price would not be insider information I believe. Probably Keith will not say "Hemi, to da moon!!"
LOL
Still holding for the buyout because there are enough pieces of information that indicate "the plan" is on track.
I think with the share price where it is and where it has recently been, disappointment is the least of our worries as investors in HEMI ENERGY GROUP.
I believe asking Keith what he believes a fair price for hemi is NOT inside information.
Whether he feels comfortable answering all or any of these questions is his decision, not this board's decision.
Questions for Hemi...
Let's put together a list of questions that we would like to have answered by the company. Questions should be direct but courteous. I'll start (this list is far from complete), cut and paste this list and add or modify at will. Many of these are dead horse issues but this is the most constructive thing I can come up with.
I will take the final list and send it to the company and do my best to follow-up to get answers.
John/Keith,
The shareholders have come up with this list of questions about Hemi's activities. Investor sentiment seems to be at an all time low based on the low share price and the lack of information available to the shareholders. Please answer every question or provide a reason why the question can not be answered.
1. What is the current share count/structure?
2. Why has share count increased when it has been repeatedly stated that the company has not been selling shares?
3. How many acres of leases are owned in Kansas?
4. How many acres of leases are owned in Texas?
5. How many acres of leases are owned in Other states?
6. What is the current independent reserve valuation on what % of the lease hold?
7. How many wells are online?
8. What is the current monthly production?
9. Are any of the wells that were supposed to be drilled in January in process?
10.Has there been any interest in purchasing Hemi from others?
11. What price would you consider reasonable to sell Hemi?
Sincerely,
Ihub HMGP shareholders.
Lowman, I believe at least part of those "bonus shares" was for out of pocket cash needed to get the KS wells up and running again.
Kels, this post from last December was deemed to be speculation. What do you think about it today?
Posted by: 1581
In reply to: 1581 who wrote msg# 27841 Date:12/19/2007 1:38:58 PM
Post #of 30161
And from previous prs, Keith mentions leaving the gas "behind pipe". If our lease is in fact where chesapeake needs to drill and we are sitting on lots of gas, as well as oil, they would be a natural buyer at some point in the future.
Hillary was asked what was her biggest mistake. She replied," It was when my husband was President and I told him to go over across the room and see what that tubby intern wants."
Jay Leno
Financials, yes. I expect financials to be UGLY with a capital UG due to the flooding that hurt revenue, increased o/s and diverted attention to refurbishing of wells that had been producing. May present a buying opportunity for those willing to wait a few months or a year or more.
Not pumping, obvious by above statement, but the fact that they survived a 100 year flood says something about the management and the fact Keith Anderson owns 16 percent of AS.
Poor Jagman, that is twice you have bought Hemi and sold at a loss.(That I am aware of.) Are you now willing to admit it is not a "momo play" as you like to say.
Not happy to see any investor lose money btw. I believe you were trying to fit it into your world view instead of trading it based on its reality.
I wish you the best always Jagman and just wish you would share your knowledge to show where investors can profit instead of trying to show why they have made mistakes.
GLTY and if you had waited another few months you would be paying capital gains on hemi, IMHO.
I think the larger point is, all of the things on your wish list are just that, wishes. These have been fought over on this board many times and I am sure KA has had many negative communications regarding them.
Positive, polite and respectful communications likely will not make any difference and just give him more "Ihub spam" to delete. But its your nickel so do whatever you feel is right. GLTY
"I seek to gentlely guide management toward being more a public company "
Now that's funny. I must have missed that star trek episode when the engineer's mate third class came up to the bridge and gently guided Captain Kirk in running the Enterprise.
I was unable to find them but zguy pmed his posts about the pinksheets designation issue. Well researched as always by him.
From zguy
Here are a few that I made. Others have talked about it too but these are a couple of my posts...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25745954
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21407983
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21406876
I was trying to find the posts from the hemi board but could not. It was instituted by pinksheets.com to create another fee for them to make money on companies who are not on bigger exchanges. I bought in alry last week again, this time at .052 and really like the buy I made.
Jagman just seems to have a habit of responding when unnecessary or uncalled for. I cannot remember ever initiated a conversation, only responding after he does.
It got so bad the other day on coydog's board between Jag and some others, coydog had to tell them all to stop.
Jagman you just cannot contain yourself from responding to any post I write can you. The poster thought that the pink sheet designations for companies were SEC based when in fact pink sheets themselves begun doing that themselves.
Reread the post I was responding to then see where the joke really is. LOL
It was pinksheet.com that did it, a money making enterprise.
There are some good posts on past posts of hmgp regarding their classifications and the costs involved since it suffered like alry.
If I recall correctly go through old posts of pinkfloyd or zguy, think it was pf that looked at it very closely.
Thanks zguy for your grounded observations and thanks also to pf for helping everyone keep a good perspective and also for pms.
Still think everyone will do well with hemi in the next year or two.
No Kels I am not someone who has been there and no I do not need any help understanding anything Hemi has said.
I just want to try to add some reasonable and thoughtful balance.
I hope everything that is being surmised about the value of the lease(s) is true.
I think KAA is smart and would make good decisions or what he thought were good decisions.
Until we hear something more concrete from hemi, or someone is able to verify using something other than opinion I will remain hopeful and that is as far as I can get at this point in time.
Just one point, I could make many, depending on when the leases were purchased would make a big difference on the price paid, and therefore the extent of mineral rights.
And yes I understand the checkerboard analogy. Each square on the checkerboard could be 20acres by 20 acres. Are we on a black square or a red square?
The secrecy from the company has finally taken its toll on me I guess and I have read every post on this board so I know about keeping competitors in the dark, yada yada yada.
The price for that is keeping investors in the dark and I think that is one of the main reasons we have been in single digits for so long.