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redlobster

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redlobster

Re: AngusYoung post# 9003

Friday, 08/08/2008 3:15:53 PM

Friday, August 08, 2008 3:15:53 PM

Post# of 16569
What i'm trying to say is, oil is dramtically overpriced. It will drop back down to $70-80 which will directly effect oil companies. The demand is decreasing as alternative fuels are developed. Oil companies such as HTOG use their reserves as leverage, collateral for loans and other financing. When a company looses equity in their assets, its akin to what has happened in the housing/mortgage market. So these small cap companies, like HTOG, are extremely vulnerable to bankruptcy.
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