Saturday, November 22, 2008 12:39:18 PM
Completely agree with your comments. We are in the midst of an economic storm. The best thing mgmt can do is to hunker down and resist the temptation to wander out into it when they don't have to. First, do no harm. It will take discipline on their part to sit pat, but it is the wisest thing. ERHE currently has the financial reserves to weather this storm -if they can remain patient. Venturing out into these unknown ecomomic conditions is foolish. They/we have a sure winner as long mgmt remains focused on the prize.
I have been here for a long time; for the past few years just lurking. Disclosure: My share count in the 7 digits. Have never sold a share and continue to average down.
This has been a marathon of an investment. It reminds me of the ShawShank Redemption. If we've come this far, maybe we can go a little be further. In historic terms, drilling is not that far away, irregardless if it is '09 or '10. Our time will come as long as mgmt can just sit tight and keep their eye on the real prize and not get caught up in the temptation to do something just because our situation is frustrating. The measure of great leadership is how one handles duress. I for one, hope our leaders will handle our current situation with great poise, wisdom and discipline.
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