Jagman, most of the time, I admit, I'd probably be agreeing with you if this was just about any other O&G stock....
But Hemi just had much bigger things they've been handing us that mean more to both the big picture, as well as it should to the share price...
When non-O&G companies add tangible assets of great monitary value to their collection, the price usually reacts and goes places.
So how come you and many others are completely ignoring what Hemi has handed you this week (assuming you still have a position) and still whining about the production numbers? What you've been given should mean a helluva lot more than how much oil they're pulling out of the ground.
THEY DON'T HAVE TO PRODUCE ANY OIL FOR THESE ASSETS TO HAVE REAL, TANGIBLE, MONITARY VALUE!!!!!!
They use production to pay the bills. Big fat hairy deal! That should be a good thing!
But the company's worth isn't determined by how much oil they pump. This is why I personally feel the production numbers just are not that all-fire important IN HEMI's CASE.
Like I said...maybe for other O&G plays I might even agree with you... but not on this one. It's nothing personal, but I still think THIS time you and many others are still missing the true beauty of this stock/company.
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