Armada Oil Inc (fka AOILQ)

[biztech]

I hear you! Only thing keeping me here is my faith that CEO and other insiders have too high of a vested interest to let this fail by poor choices. I think management is trying to grow this slowly and avoid hype...my only worry was oil prices as I expected a decline this year. It's really a no brainer on oil prices, U.S. production increases, Saudi's at odd's, Russia not being nice, somethign going to happen but for how long? Based on futures prices--its anticipated to be higher than today so I can't panic yet.

million dollar question is will Armada go through with the purchase?

Armada can opt out,"... such oil price on the business day prior to the closing date is less than $76.74 per barrel."

That's tomorrow 11/14. WTI January Futures as of today according to Yahoo Finance is $76.85 5:24PM EST