amj,
I am entitled to my opinions just as you are entitled to yours. I am not trying to cause trouble and I am not posting very often. I also do not discourage anyone to voice their opinions or insight.
So, my take on what may be happening, people can take it or leave it:
CEO and CFO gone looks very bad for a company. The timing of all of this makes me think it relates to the investigation. Whether it does or not really makes no difference though. The disrubing part is that they didn't have anyone else in place immediately. I would feel better about the future if they already knew the direction they were going and what leaders were taking them there.
Don't know if oilphants riddles are valid or not. But some changes are coming or the company is being attacked through the investigation. And YES, I do think ERHE is at risk in this and rights can be taken away. I don't think it is likely, but I do think it is possible. If it were not an issue (and I know many of you feel this way) the price would not have cut in half after it started. To me and IMO, that is just plain logic.
I expect the share price to suffer on Monday, and I expect it to stay lower than Friday's close until we get some sort of closure on the investigation (which I don't think will happen for a long time) OR some major deal is announced. I no longer think that disclosure of Chevron drilling will have a huge impact on ERHE. They simply have too many other troubles to gain much on that news.
And yes, I think ERHE's future is in doubt, at least in their current structure / agreements. They need to be bought by someone to move forward in teh future.
ALL IMO. GOOD LUCK ALL LONGS, I AM STILL HERE AND HOPING.
