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maybe nobody posts here because the market is up 100+ and one hour later erhe has traded 1,000 shares.
limbo
okay, timelines for all that positive news you speak of will be so elongated as to allow gravity to further sink this ship
hey, harr, how many of those star books from cardona did you buy?
I hope he rots wherever he is
robj
at $.15, he wasn't that far wrong yankeemike.
what kind of good news could possibly be out there that would move this leviathan?
nobody biting on that $.24 ask, eh?
c'mon doug, you talk the big game about "lifting" this or that.
lift the .24s slick.
hey, threatening that $.19 again today.
low, low, low, and i still can't force myself to take a flyer here.
some nice higher volume tankage today.
I could get interested in a scalp at $.16 today
well umbra, he's the only one then predicting an increase in price.
i think what i hate most about investors in oil companies is that they wish misery on the rest of the world to get their $.05 rise in share price
and umbra, $100 a barrel oil right now makes no sense in the economy and would lead to the depression barely dodged in late 2008.
you are one of the oil investors i despise
i don't think my views are a hunch, and i don't think you understand what you just quoted.
I think the market understands it though and says loudly $.20!
deadeye, it's only based on what hasn't been released by the company, SNP, JDZ and anybody else. Don't you think if things were as hoped, companies would be shouting it from the rooftops?
deadeye, you tell us what your evidence is, but. . .
Don't tell me that erhe or the nigerians or the oil patch is different and this stock represents a whole different matrix.
Good news gets shouted; bad news gets hidden for as long as possible.
EZ Money, you sure have a lot of good things happening in your scenario.
You must be about the only one to think all this will happen.
there is just as much evidence that the JDZ was a dry hole and that Phase II drilling won't happen.
If you're expecting Total's involvement to bail you out of this poor investment in ERHR, you're going to be disappointed, I fear.
enjoy that new 52-week low.
longtime longs bailing out are going to at least escape with a few dollars to put back into play.
others will bleed on out with this company.
SEO likely to take this private with about a 12-cent per share buyout when the price is at a dime.
how long before it becomes obvious Sao Tome and Principe are just rogue African nations who are treating their supposed oil properties like the Nigerian lottery.
How many shares of erhe would it take to buy a Powerball ticket. Answer: 5
and just about as much chance to become a winner
ha!
marty, the share price for one says it was a duster, dry hole, whatever you wish to call the JDZ
bearing down on the 52-week low again.
what is there that would make a newbie start a position here?
i say nothing.
I do understand why a few desperate longs would average down with good money after bad--such is the nature of the beast.
i think the days of convincing others by spinning known or unknown "facts" are well over right now.
Even without additional horrible news like the JDZ being a giant dry hole, just gravity will take the share price below $.20 next week, i think.
my guess dadd is that I post more about erhe than you do, while you and some others simply bash me. Maybe because without a personal bash, you guys come unarmed to support erhe.
umbra, i'm many % points away from putting my tail between my legs. I just wonder how many times people cuss each time they see ERHE threatening a new 52-week low.
deadeye, so far there is no oil to focus on, ergo the share price.
degenerategambler,
i can understand you wanting to wait to see whether the whole JDZ turns out to be a dry hole oil-wise.
I'm just saying when longs here first invested, the oil in their minds was a given and the investment in ERHE was based on thoughts that the minnow would get some oil to sell.
now what?
maybe no oil or limited or dry hole--everybody can only guess because of some imaginings about the Chinese keeping secrets or some body else doing that.
maybe no big oil guys want to drill phase 2
maybe ERHE gets diluted going to the AIM--maybe you give up control of your OTCBB shares which are easily traded at Ameritrade, etc., for some exchange where that won't happen
maybe there's oil, but ERHE is going to get squeezed out--investors won't know it until the last minute as this company's PR department is non-existent or some even say misleading.
Again, I believe it's much easier to show more reasons to stay away from this stock than to invest.
no execo, i did read your last line and saw you were using your bullet points as reasons to hold.
I just didn't understand how you could come to that conclusion after striking those points.
your funeral
umbra, thanks for you pop-psych
mabe you could tell us what you still see in this stock
well homeport if you had a little better memory, you would remember that i have been long as a successful trader on ERHE several times.
This time i just didn't buy at $.29 on the way down, because i just don't see what the promise of this stock/company is anymore.
i stay on here because of the trainwreck coming
wow, execo, i read your post 3x until i figured out your points were for holding, fercrissake.
I was sure you were making those points as reasons to sell.
to recap your points:
1. Not sure what value our assets will bring
2. Piss Poor management but not proven unethical
3. the boogeyman of Dilution doesn't scare you
4. Calculated risk
my gawd, if one still holds after using those four points as their best arguement for doing so, you deserve to lose your money here.
c'mon, man
how many of you uber-longs will sell on the day they announce dilution?
Since it's going to happen, why not sell now or on the first 15% rise here?
Don't get what the lure of this stock is anymore
minus 2 is my confidence level.
or $.40 per share tapco
$.35?
SEO isn't paying much of a premium to anybody--even the longest longs know this investment isn't going to turn out to be what they thought going in.
Almost everybody who ever bought ERHE is underwater at $.24 SEO knows that, don't kid yourself about an offer he might make to take erhe private.
i would say the chances of erhe ever earning one cent from actual oil pumped to the surface in the GOG is close to nil.
why is anybody here with their money?
makes no sense anymore--10 years for some might have made sense way back before it became more obvious there were shenanigans going on all around erhe.
why?
i just don't get it
midtieroil says, "I also think by "possess any interest" he meant they do not own any interest. I can see how you could read it the other way but I did not take it to mean they have no interest in obtaining an interest.
Of course they call this language English and not American so who knows."
Absolutely another example of why this stock price is so awful. People are reduced to guessing meanings of words such as, "interest." fercrissake.
It's why there is no info on this board worth a damn despite the good intentions of posters.
c'mon up $.004 on this news everybody likes so much.
seems like a rehash of the annual meeting--and isn't this same info on slides and has been for weeks?
$.222 not sure if it's a new 52-week low or not. . . .but it's pretty darned low.
Who's got the spin on it today?
Who's got a new JDZ rumor that shows ERHE has got 7 billion barrels and a free carry.
or that TOTAL wants the minnow.
or that SEO isn't going to let ERHE fail.
or that AIM listing will save the company or maybe AMEX
or Phase 2 drilling will prove the reserves ( if anybody wants to risk a bunch more dry holes0
or ... or... such shattered credibility with the long term longs here. I didn't really know so many smart people could be so wrong for so long.
well at least strategygone used a lot of words to place his guesswork before the board.
let me just not believe any of those numbers either.
two straight 52 week lows.
ERHE was sure at the wrong place in their channel when the whole market shot craps.
I'm interested about 10 a.m. tomorrow
EZMoney, your posts are tilting at windmills. Nothing you post has been verified by the stock price. It's either:
you posting crap
the company posting crap
SEO, SNP, JDZ posting crap
700M+ is too many shares of ERHE crap
if all of this is as you post no way is this at $.229
Gag,
just a whole lot of numbers being pulled out of asses again last night.
how does anybody keep them straight--better yet, i just don't believe any numbers from this board--except $.255
all the oil companies have too much invested here to use the phrase that they all speak in whispers among themselves.
"One gigantic dry hole."
$.255 now at a 52-week low with nothing to support even this price of a nearly $200M market cap.
these guys deserve about as much premium as an Oklahoma Wildcatter.
krom, another poor analysis.
I'm not a short. . . and god knows there is no reason to be a long right now.
Just like seeing what others say and chiming in when it is needed
wow, how good does that $.25 bid look? Okay fess up, who on here is bidding a quarter?
emydal, you need to re-read my "over here" response.
Maybe that's the trouble here, lack of comprehension
oky southernman, just how much dilution do you think you'll have in two years. A billion shares outstanding? more?
two years is a death knell at this market cap