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krom, i don't do any DD on erhe.
I've let the market assess what information posted on this board is correct.
for the record, none of the DD on this board is apparently correct. not barrells of oil, not % in JDZ, not % of carry, not a thing.
Lugs and I only know each other from Trenwick, a terrible re-insurance company that was managed into bk long ago. It was on that MB from Raging Bull that lugs and some others first found this p.o.s.
I think he and some of the others have made some money off and on here--for sure none of you long term holders are anything but underwater right now.
so, lugs and i aren't the same guy--he's a long and i'm a basher.
deadeye, glad it was a typo at least.
still don't believe anybody's numbers that get posted--i know those aren't really "your" numbers.
With all the oil bandied about on this board, if it was that obvious, the share price would reflect it.
London Exchange, no Berlin Exchange, no AIM. there is so much guesswork and outright pollyanna numbers here that nobody has a clue anymore. I would say that something is vastly different about this company than the company everyone thought they were buying into--and not in a good way witnessing the share price.
At least ERHE is a long way from causing an oil slick in the GOG.
HA!
mrogop, i don't think the jury has yet spoken its final word on what erhe is.
it could be scammy
it could just be over-diluted
it could just be nobody understands their assets.
it could just be nobody understands why AIM
it could just be that working in Nigerian leaves a huge blind spot for investors.
I don't think you can discount any of the above yet
also emydal.
"over here" means over here on this message board.
but nice analysis anyway.
Say what did you say your price projection on ERHE was or how many barrels they have?
Just stay away from me if there is lightning.
well, Krom,
all this knowledge may work for you when you are analyzing a real company in the U.S. oil industry.
This company is nothing like a real company where the rules you know work.
that's why so many oil men are still getting bent over here.
Just think of where so many scams come from--ie Nigerian lottery.
ah, lugs, my man.
i know you don't want to necessarily be associated with any of my posts on here, but . . .
I've come to the same point that the numbers bad and good being posted here and the conspiracy theories both positive and negative about the company. I just don't believe anything I read on this board anymore.
Hell, from the reports here, the whole JDZ may be a marginal field.
Then what?
hey stocks2rise--you do know that your moniker is not always accurate, particularly with regards to ERHE.
I'm here because as a sometimes buyer and trader of ERHE I want to keep track of why some are saying "buy" and others are saying "sell"
Right now I am in the camp of not wanting to buy but always look for good arguements the other way.
I don't see many right now at a $200M+ market cap. Just a bunch of lemmings swallowing anything positive that gets guessed at.
yeah, mike, with 700M shares outstanding in an area that looks like it could be producing dry holes, those numbers with a max of 20% are damn small.
the way i read erhe's 8K with such small participating interests in each block, even if they hit Uncle Jed on 1 or 2 of them, erhe wouldn't get enough to go around to 700M shares.
I suspect that the gross revenues will be offset by as many expenses as Hollywood pictures have before they pay their directors a percentage of the box office.
just don't see where any revenues are coming from that would even take this to $.50 per share (700M shares outstanding is killing this stock when it has to deliver revs)
krom, what's 20, 30 or 40% of a collection of dry holes worth in Nigerian currency
no, no, dbernet.
I just don't believe those sources of "information" for THIS stock. There is no credible source of information to determine the future success or abject, humiliating failure of your investment in ERHE.
a bunch of grab-out-of-the-air numbers and deliberate or ignorant figures thrown around here like so much confetti.
ERHE selling out to the Chinese?
this is a minnow, maybe now smaller than a minnor.
they apparently have rights to a few dusty holes that nobody is going to want to drill phase 2
Nice close at the low of the day.
When is enough, enough?
If one can't even buy the $.29s safely, this stock could go to the teens.
doubt and uncertainty
this scam is the poster child for that
okay, so i still won't pull the trigger at $.29.
Today's is a double bottom--terrible trading signal.
However, another day and time down to $.29 as a triple bottom that holds gets me some wood
i'm thinking a $.26 bid could scoop up some shares later in the week.
balance builder, most revealing post about the liars and crooks in this company ever.
A move to AIM will allow them to PIPE the living crap out of this stock and no current shareholder will ever get a single scrap.
I wonder in a reverse split whether SEOs shares would be included.
Those who remember AMEP (now AENP) will remember that the Bitter brothers' shares were not subject to the reverse split that wiped everybody out.
Can you say you aren't worried about that, too.
List the Pros and Cons here and pretend you are a brand new investor (not trader).....would you buy this company's stock.
Absolutely not!!!
i think one has to start wondering whether the JDZ is a giant dry hole regarding commercial quantities of oil.
i cannot believe the amount of koolaid being drunk by the longs on this board.
the excuses, the forgiveness, the lack of common sense about the future of a 700M+ o/s/ nigerian oil play. . . .wow, WOW!
ferchrissake
okay krom, where did the company ever say, hint, insinuate, wink & nudge that they were looking for gas?
I think you're an apologist for this company and some of the old, tired longs have had enough of you, SEO, SNP and Nigerian oil scams to last them a lifetime and they are selling.
hi lugs
dadd, i'm here because i've traded ERHE successfully a few times. What about you? I suspect you're a long suffering long.
like that mantra is something to wave around in the face of those who didn't hold for a 66% or 30% drop.
bought at $.90?
Are kidding me?
I pay way too much attention to the market cap to think ERHE is a $600M company.
I actually am trying to figure out how they could be valued at $200M right now.
Maybe a biotech with a PIII trial underway could get that on speculation. But what is the big payday speculation here?
a 3 bagger ($600M market cap) or 90 cents
a 10 bagger ($2B market cap) or $3.00
Really?
no way
actually, i would have bought at $.36 on a slow sustained walkdown without news.
no longer.
too much risk of additional follow on news.
was oil not discussed at the meeting because of some Chinese conspiracy or was it not discussed because it wasn't there.
Big risk right now of a bunch of dry holes.
no one can say they were here for only a few billion cubic feet of gas, can they?
SEO, what is his end game?
How much of his money did it take to create the trading shell of ERHE and to issue himself 400M+ shares?
I suspect he has no more than filing fees invested of his own money.
So what difference to him what he eventually sells out for?
I suspect he's somehow sucking on the Nigerian gov't tit pretty hard in the meantime.
hi lugs
jsc, "not the true longs" who got nailed.
are you for real?
True longs down 66% from $.90 and 30% alone in one day on Wed.
How much more can you get nailed.
The flippers yesterday could hardly have lost money based on how low the sp opened--a few pennies but not like all you genius "true longs."
c'mon emydal,
you call somebody who HASN'T lost his ass on ERHE a basher and praise those who are down 50-60% on their investments as loyalists.
WTF?
Frustrating is not that there are bashers, frustrating is that those who have held are consistently bent over by
1) SEO
2) SNP
3) SEC
the biggest risk now is that the partners won't participate in a phase 2 drilling.
That would be huge kick in the nads and make today's 30% drop look like a soft kiss.
I don't see a catalyst for this stock to go up right now unless the partners do announce they'll go with a phase 2.
Maybe 15 cent pop on that news, but the question will be from what lower level that pop will come. Below 20 cents is kinda a scarey number
hi lugs
lugs, glad i never put that $.36 in.
not able to watch stocks as much as before so can't analyze the nuances--i thnk that's what cost me my profits on GNVC.
luck to any that are still holding although i suspect a bunch of oldtimers will leave today.
completely agree Walldog,
SEO is pissing away money by keeping it in ERHE.
Think of the property he could by in FLA or Vegas.
Way bigger returns than what will be in this stock
maybe he likes the big fish in small pond metaphor though
lugs,
No predictions from me on share price today or short-term.
I do think that without news, any stock will move in the direction of least resistance, which is down.
with that, no news from this meeting today could sink the stock over the rest of the week to below $.40, where I'll be waiting at lunch time on Friday.
Real news and bye-bye $.40s
doubt that though,
and the company touts will probably blame the inscrutable Chinese for no news.
okay AdminDan gave me access here again.
I'll try and do him proud.
I didn't promise to like ERHE to get back on and I don't and won't---EVER!
I will say that the share price may still be too high when you assign a market cap to a company that doesn't have one cent of real revenues they can count on in the future.
If the JDZ blocks are dry holes there are no more partners, no more free carries, no more anything.
hi lugs
whoever posted that ERHE was a holding company and not a real oil company sure didn't get many comments. The truth hurts.
The only thing erhe is holding is 700M+ shares.
Still got my bid in at $.41 but thinking of reducing it to $.36 without news.
I'd say the chances of bad news before good news is nearly 100%
How about all you pumpers?
Do you agree?
dang only one post per day and not enough time to list all the negatives here.
Ha!
Hi lugs
600M+ shares with a 400M+ float.
No wonder this stock doesn't go up.
Bloated pigs can't swim against the current either.
Hey, nearly in the $.40s.
I better get my $.41 bid in again. Didn't know if I was ever going to get another sniff of this bloated pig
yeah, i'm magical.
sold at $.797, which was $.002 above my average. Sold everything except BNVI as I just don't have time to watch and trade right now.
I'm back in the U.S.--dad just died and I'm executor, which is full-time for a couple of months.
luck on your stuff
no, lugs, average is $.365 and I bought more at $.40.
Big hit or a big Mark McGwire-like swing and a miss.
Hope it's more like Albert Pujols, though--in all ways
GNVC doing well--all in Roth IRAs on a conversion end of last year at $.83
BNVI treading water, although I think eventually it will be a higher priced stock--maybe just not as glamorous as cancer drugs.
My own thoughts are both above $20 by the time Obama takes office again for term 2.
ha!
robj
good one lugs,
you guys are kicking all sorts of ass over on ERHE.
well-deserved on your part.
As for me, I'm filliing up on my diet of hat from that board.
robj
Okay my one post I'm allowed on ERHE board for today. I posted this to tamtam on another board at the end of day yesterday:
Posted by: robjer Date: Wednesday, February 24, 2010 6:50:56 PM
In reply to: tamtam9042 who wrote msg# 67 Post # of 69
tamtam, good one for you, lugs and rest of the crew.
That's okay, I made 30%+ on $20K from my recent $.397 buys.
If I buy again at $42, I'm happy for me again.
If I never get to buy again because all of you longs are kicking some ass, I'm happy for you guys.
It's not a zero-sum game to me. Others can win at the same time I win.
You guys DID kick some serious ass today, though.
robj
(Hey, I'm out of my one post per day on the ERHE board already--if you want to post this to that board to show I'm indeed eating some hat, go ahead)
lugs,
yeah "warm up to me over there"Kind of like how they warmed up to Joan of Arc.