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S&P 500
5,615.35
(
0.55%
)
US TECH 100
19,893.20
(
0.51%
)
Dow Jones
40,000.90
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0.62%
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(
-0.24%
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YankeMike

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YankeMike

Re: ThatHawaiiGuy post# 142419

Friday, 10/24/2008 8:53:19 PM

Friday, October 24, 2008 8:53:19 PM

Post# of 361654
Hawaii: What do you mean the stock didn't spike as oil went to $147? Have you looked at the chart? As oil prices increased and we had speculation of getting a rig for dilling sooner than expected, the share price went from 16 cents to 61 cents.

What is more important is what the price of oil will be when we have between 500M and 1B barrels of proven reserves, which could be in 2011 or 2012. If oil is $100 in a few years, that would value the stock close to $10, and that doesn't include the EEZ!

Mike
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