I have no position. It is on my watchlist though, I am not concerned about oil stabilizing or what have you. What I concerned about is, are they going to fulfill on their ventures? The time is now to make a move on distressed properties, otherwise they won't get a sweet deal. The more oil goes down the less chances are for this making trips. I am watching this everyday and every hour because when they make a deal, it will be hard to chase it. This will be the next CDII, if not better. I don't invest in penny stocks, with exception of one I made last year CDII, made a cool $68,000 dollars, bought a million shares and I think this has more potential provided that they make a deal, otherwise trips you are talking about is not too far fetched. However, the more oil goes down the closer a deal will be, not the other way around. EGYH is waiting for oil to bottom and I think they are expecting oil to hit $20.00. The closer to the $20, the closer a deal is on the horizon. I hope it helps. JMHO.
