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Thursday, May 07, 2009 12:49:49 PM
I came to this conclusion through the regression analysis with the price of oil, and it would appear that the higher price of oil has raised Erhc's stock price back into the .40's.
That means that there is no impact yet on the sp with regard to Addax/Sinopec deal drilling/new drill ship etc. It also means that the forces of manipulation, as some here purport, whether positive (markgovols source) or negative (midtier effect) are having no effect at all, or they are canceling each other out.
Or is it that people are taking a "I'll believe when I see it attitude?"
Krombacher
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