ERHC Energy Inc (ERHE)

[THE HuB]

I don't think you should be gambling on it.

That's what makes this all a game we must make our mark upon individually. My guess is this stock will continue to be very heavily day traded for a long time so if you are going long you'll probably have to sweat out many swings.

Also, I think there may be a finite level this can really go to with the awards in hand. It is a large OS. At a little over $2 the market cap would be around a billion dollars.

Even if the reserves are calculated to produce far more than that over
time, it may be years before the first income so I suggest you really
should be realistic about the valuation models for this stock in the
next year. Even asset valuation has its limits with a large OS and
limited revenues for a long time.

I think holding ERHE very long term may work out very well with the partner they have if you are thinking in terms of 2-4 years, but there may be a long wait for revenues.

As such, I question whether you will see a triple or quadruple in the next year and I think you can do that much better elsewhere after that point.