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S&P 500
5,214.08
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0.51%
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US TECH 100
17,724.00
(
0.47%
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39,387.76
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0.85%
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84.07
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0.14%
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saporito3

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saporito3

Re: Tex69 post# 1299

Thursday, 10/21/2010 9:14:26 AM

Thursday, October 21, 2010 9:14:26 AM

Post# of 1334
Well, the company filed Chapter-11 bankrupcy - so the court has no say in ordering a sell of company assets - that only happens in Chapter-7 filings.

Once the company can demonstrate sufficient capital and revenues from the sale of its production activities, they will come-out of Chapter-11 and the stock should spike higher from there.

The CEO has stated more than once, that the company has over 3-million barrels of proven oil reserves! The gas production is a bonus!

In reality - as the global economies get stronger and stronger - the demand for oil and gas will only increase - this company will likely get bought for about 3-dollars a share if not more.

HOLD and BUY!!!
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