Good Morning!
March 17th will be my 3 year anniversary of finding ERHE and I'm long with the possibilities.
There are 2 economic realities affecting our share price.
First,thank you Homeport for you daily updates from the GOG. But, I know I for one have become a little immune to the political realities that exist in Nigeria. When I discuss EHRE with friends and coworkers and they ask where they exist, that is usually the end of the discussion.
One thing I haven't heard discussed for a while is the political reality of Nigeria and the other Nigerian groups, MEND for example.
When discussing EHRE share price no one ever mentions the "Nigerian" discount that needs to be applied to the share price.
The GOG oil may be the sweetest in the world, but the first thing someone does on the oil platform after testing it is to look out across the horizen to make sure there aren't any undesirables coming.
When you have oil stock A, oil stock B, and oil stock C, and oil stock C's largely or totally invested in Nigeria and the other 2 aren't then oil stock C will be discounted how much, 10% to 20 % to 30%?
The other economic reality is this year we've risen from .115 to .29 while the rest of the market has come back to us. Do I want 4 shares of EHRE or 1 share of CITI? A lot of quality companies are becoming penny stocks.
This post is only meant to foster honest discussion! I am invested long in EHRE and know the pay off is coming. But, I also know our S P will be discounted to other companies until we diversify beyond the GOG.
Thanks for listening,
Jenners
