ERHC Energy Inc (ERHE)

[Strategyone]

My take on today....who knows?

I am not a short term trader. I am guessing that the oil price drop is holding the price of ERHE down along with all other stocks in the oil sector. Unless Markgovols rumor of the rumor comes out or a large increase in volume happens, I see this floating with Addax stock fluctuations this week. Markgovols has good credibility with his DP rig source so I suspect there is some truth behind a potential Addax/ERHE deal. But, deals of this nature could take longer than expectations so the timing may be off????? Besides, MGV only said "leaks" of the potential deal may happen this week.

I, myself am here for the drilling. I want to see what’s down there before ERHE get's taken out. But if the price is right and we get a share swap of some kind into Addax, I will still be able to play the findings over the next 6 - 12 months with multiple rigs drilling in multiple blocks.

Anything before drilling is just fun to watch... good luck.