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Re: cowboyinvestor69 post# 259

Thursday, 08/06/2015 10:31:43 AM

Thursday, August 06, 2015 10:31:43 AM

Post# of 331
Still LOTS of " what if " in the markets and I don't see any HUGE turn around on the horizon in 2015. OPEC still OWNS over 40% of the oil market and I do not expect that to change. Obviously some of the CARTEL are getting strained by the recent reports that have came out.

Trying to out guess OPEC is like trying to pick a lottery number winner. Until OPEC can squeeze every small oil company out of business, they will continue the gouging. I personally do not think we are their yet.

I am still not even sure if ERF or ANY of the other oil producing countries can outlast OPEC's price setting manipulations through 2016 OR beyond. Either way, I think 2016 will be a very interesting year for oil/gas as a whole.

It also seems quite strange that ERF's PPS structure has DROPPED to the level it is currently at today. It appears to me that the bulk of the MONEY has moved to another source of income. As they stated last year, 2016 appeared as a " drop dead " date for the HEDGES they currently had. At the time those were quite lucrative as I recall.....in the $95+!!!

Does anyone know the shareholder count from 2013, 2014 and current numbers?? Obviously we have lost quite a few investors.

I have been trying to find the numbers on the amount of oil pumped vs. what is being STORED for " future use " by some of the OPEC group. Keeping an eye on that will or should tell one just WHEN the lid is going to be taken off of the can of worms!!! Selling that stockpile of " cheap oil " at 100% or more is where the REAL MONEY IS!

MY opinions are just that.......40+ years of trading experience and take it for what it is worth.

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