InvestorsHub Logo
Followers 6
Posts 604
Boards Moderated 0
Alias Born 02/01/2007

Re: pink floyd post# 10255

Monday, 05/07/2007 10:19:24 PM

Monday, May 07, 2007 10:19:24 PM

Post# of 51429
I totally agree with Keith that they would spending a lot of money only to increase the debt of the company. It would be much better for the company to buy back shares with that money. This would lead them back to reducing the float. There is such a low float at the present time. My self and group are holding strong for the future, we believe in HEMI. We were buying on Friday. It has been a tough couple of weeks. The rains will end and the drilling will start and production numbers will come. The first well has outstanding numbers. MM's (trying to cover) and cold feet are the sellers, afraid to see a lost of gains, paid the short term taxes, but don't sell and the MM's will be buying at a higher price. This is still the best O&G play for long term gain.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.