Addax Petroleum (fka AXC)

[manuel06]

So, knowing all this Midi...why do you still still invest in these small oil companies knowing that the odds are heavily against them? Why is ERHC the only Board of these companies that you post on in significant numbers? Notice the amount of posts on these boards? Seems like a reasonable question concidering your post I am replying to.
Post # 12630
"The fact is that I invest in many small oil and gas companies like ERHC. While predrill run-ups do sometimes happen, they have been almost non-existent in the last two or three years. The mania over small exploration companies went away because of low oil prices and because most of these exploration wells come up dry."

"It really is important to spread your risk on small exploration companies and invest in several. Betting it all on one company while desperately hoping for a predrill run-up is a terrible strategy. Maybe someone can get lucky, but the odds are heavily against it."

And I know ERHC is the worst of the lot.IMO


Latest Posts Boards Posted On Boards Moderated About My Stocks (0)
Board Last Post Posts
Addax Petroleum (fka AXC) 08/04/2017 11:34:01 PM 594
ERHC Energy Inc. (ERHE) 07/31/2017 03:54:24 PM 11,516
Africa Oil Corp (AOIFF) 10/05/2014 11:45:51 PM 1
HyperDynamics (HDYN) 03/12/2011 12:05:49 AM 1

And yes I do concider ERHC as almost dead in the waters and on shore.IMO
cheers
Baz