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Irregardless of which stock/company, Warren Buffett says you can NEVER EVER find answers in the SHARE PRICE.
Some keep thinking they know it better than Warren Buffett, pretty absurd.
But he, as if shorting ERHC was such a great idea... stuck for years here, with nothing to show for.
How low can shorters go?
Well buddy, maybe Warren Buffett could be wrong also, as you constantly suggest:
Would it have sunk in with the Shorts now, that the current ERHC share price does not give them the answer as to why ERHC still ain't bankrupt?
HAHAHAHAHA.
The great Warren Buffett had to shake them out of a pathetic dream.
They are for the birds... all that BS daily effort for so long, and with nothing to show for in the end...
Oh, I feel for the Shorts:
Supply Destruction Could Send Oil To $70
https://oilprice.com/Energy/Energy-General/Supply-Destruction-Could-Send-Oil-To-70.html
Oops, the shorts are for the bird, daily pathetic efforts to get some volume on the board tell the tail.
Deepsea EEZ and JDZ... in a theater near you.
Hahahaha.
Deep water drilling will be very much needed in the near future. Good news for ERHC and the JDZ en EEZ!
And...
Is there something that you are trying to convey to me regarding ERHC?
And if so, why?
Aren't you looking forward to monetize your millions of shares, in the future?
The Doctor.
Hi Badog,
How are you? Good to see you back on occasions.
The nice thing about this whole 400 plus page litigation document, including a contract with Total, is that it shows fighting spirit... and that ERHC has a goal in mind and sight.
If I did not have shares, bought at current prices, I would be very depressed.
If I had to buy back ERHC shares these days, I would have been more than depressed.
The Doctor.
Is this a recommendation to buy ERHC stock?
I already did: 50 million. Thank you, sir.
Irrelevant:
Warren Buffet tells you, in very CLEAR language, that you NEVER must look at the share price and try to read value out of that current situation, to determine whether or not you should invest in that company.
Seems pretty clear, and logically to me.
Maybe if some shorters had some better 'judgement' some time ago, they would now not have been in such a dire situation.
The Doctor.
SSC, remember your quote:
Yeah, interesting indeed, right?
That is unbelievably sad news.
My mom here in The Netherlands plays Bridge, and they had two casualties in March in that Bridge club.
The whole spreading of that virus could have been way more limited in the early stages, that is the aggravating part of this pandemic tragedy.
Buddy,
Not 'because' but 'despite' it's at .0005 it is attracting incredible attention from...
Read my post again, buddy. My time is money!
If ERHE would have gone bankrupt, it would have been a Microsoft for shorters, yes.
He SSC,
Try to mail Peter, it won't work anymore. Phone is back, now mail is also hacked?
Man, what a company.
But I hold on to my shares, mail or no mail.
The Doctor, of Stakeholders.
I disagree.
ERHC is even so attractive, that non stakeholders are circling this company like it's Microsoft itself.
The Doctor, of interest.
Now I'm scared.
Hahahaha.
Man, first I was scared about bankruptcy... now this. What tommorrow...?
Hahahaha.
Long term good news:
Less supply = higher oil price.
https://oilprice.com/Energy/Crude-Oil/Big-Oils-Dilemma-Cut-Dividends-Or-Cut-Operations.html
It must be a good deal, otherwise they better wait for Corona to be gone.
Total SA paid Tullow less than expected, obviously there was no locked price, maybe it's the case with ERHC?
But with high oil prices everything is better for everybody.
"Total is particularly active and has been approaching Portuguese oil company Galp Energia for partnerships. The interest of the French oil and gas giant also extends to unused blocks in the JDZ."
How nice.
A deal with Total in 2017 over EEZ block 4 was consummated and before oil prices plunged in 2020.
Fact.
The deal had to be better than the deal with Kosmos, or else ERHC would not have fought for it with Kosmos.
Fact.
Someone paid for ERHC's litigation
Fact.
Once Kosmos stands down, the only deal standing will be that deal with Total.
Fact.
ERHC is not going bankrupt.
Fact.
ERHC is mispriced in the market at only $1.5 million.
Fact.
I would not want to be a ERHC non-stakeholder these days.
Fact.
That is a nice summary.
Opus:
https://seekingalpha.com/news/3563484-kosmos-energy-receives-nyse-continued-listing-standard-notice
This guy is 'neutral' on Kosmos:
https://seekingalpha.com/article/4338582-kosmos-energy-value-opportunity-comes-risks
"Also, the company will likely face at least two years of an earnings recession."
One thing is clear: a continued fight with ERHC over block 4 is not the 'first priority' on their minds anymore, right now. And that bodes well for us. I think they throw in the towel for block 4.
If we look at Tullow, they also sold of some properties yesterday, just to get a handle on the debt issue.
And regarding Krom's quote:
Regarding:
Ok,
In the end it does not matter, we all concluded there is a big guy behind the litigation. A stakeholder, and also for sure an insider.
Instead of ERHC going bankrupt, this stakeholder caused huge problems for investors betting against ERHC surviving.
So, I can only sit back, and enjoy my decision. Something that not everybody here can say...
That's part of investing: making the wrong bet. Betting on a demise of ERHC in this particular case.
The Doctor, of common sense.
Boy,
If anybody had 'proof', then the share price would be higher.
Now we have 'common sense', and that is were the money is to be made.
You could see it today with Tullow Oil. Now investors have proof of properties being sold, but it was announced already a few months ago.
The ones with common sense acted before the proof came.
It's the same way with ERHC, some have the balls to invest, others don't... they prefer just to talk about certain stocks... to each his own.
The Doctor, of common sense.
Thanks for your advice, sir.
You are too kind.
I already did some additional DD last Week. I again studied the 400 page document with official sources.
It resulted in the purchase of another, additional 12 Million shares Yesterday.
Especially on the OTC BB due diligence is very important.
Regards.
The doctor, of Common Sense
Regarding the futures contract part of it. There was a nice article but they pulled it away: Brent futures are different than WTI futures, at WTI you have to take the fysical oil if I understand correctly. That caused the huge drop, while Brent stayed were it was.
Regarding Total surviving:
https://seekingalpha.com/article/4315657-total-s-ignored-oil-supermajor?ifp=0&utm_medium=email&utm_source=seeking_alph
Good stock, also in bad oil times.
Regarding the bad oil times: For ERHC this is all good, the less future 'competition' the better. :) Oil will spike for sure again, like it always does: cycle. And that is good for ofshore drilling.
Also interesting:
https://oilprice.com/Energy/Oil-Prices/Whats-Next-For-Oil-As-Prices-Go-Negative.html
https://www.proactiveinvestors.co.uk/companies/news/917635/mind-the-gap-why-the-spread-between-wti-and-brent-prices-is-so-high-917635.html
Crude is down 40% today. Wow.