InvestorsHub Logo
Followers 4
Posts 523
Boards Moderated 0
Alias Born 05/02/2008

Re: kelseyf post# 43557

Thursday, 01/15/2009 12:40:12 PM

Thursday, January 15, 2009 12:40:12 PM

Post# of 51429
I agree with your logic that the JH operation is similar (for CBM potential production anyway) and in close enough proximity to Hemi's leases that it is on-topic. That was my intent also last August...

I hope that Hemi's storage tanks aren't filling up too rapidly that they would have to sell some off to make room. Coffeyville buy prices for Eastern KS crude have fallen to the mid $20's from mid $30's last week:

http://www.coffeyvillecrude.com/CVRCrude/showPriceBulletins.do

After paying the royalty to the mineral rights holder of 20%, that's netting Hemi only $20 a barrel - ouch!

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.