Saturday, February 28, 2009 7:34:37 PM
Like you, I have very little value left in the shares I own, but I'm hanging around to see what may develop . . . .
The sale of the East Chandler Field may represent a sell-off, but I notice that the purchase of this field by Avalon (AOGN) sure hasn't helped Avalon's stock.
Oil at $130+/bbl is one thing; at $34, something entirely different as far as profitability and impetus for more exploration. Natural gas isn't doing all that well, either.
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