I think it is fair for Bert to post his response... he hasn't stepped over the line. He wants us to be aware of DC's lack of performance over the last few years... this says a lot about why he posts the way he does.
<<Bert... if you lost your life savings>>
I lost a relatively small amount of money in ERFW before I sold all of my shares. You are well aware of this fact from our many exchanges on the Yahoo! message board. I don't remember... really.
<<you put too many eggs in a basket with a weak handle.>>
My total investment in ERFW never exceeded 5% of my total investment portfolio. Wise move
<<Most people that lose a bunch of money work hard to make it back.>>
I retired ten years ago (in my late forties), and do not have to work for a living. You are well aware of this or should be. Retiring early is great if you have something to do with your time
<<You seem to have a lot of free time on your hands posting negative remarks.>>
I enjoy the benefit of controlling how I use my time. I use very little of it thinking or writing about ERFW - perhaps 20 minutes a week. Further, I believe my remarks about ERFW are constructive. I am disappointed that you find them to be "negative." My posts have saved many former and prospective ERFW investors a lot of money over the years. Your posts, which easily outnumber mine by 3 to 1 have had the opposite effect. I don't keep track of who posts more but I leave you the job of investor watchdog.
<<some of us have averaged down>>
Remember, I advised you not to average down. You were still actively buying ERFW at north of $0.35/share when I publically declared it a 2 cent stock. Have you forgotten? I do recall many years ago having an average that high but you wouldn't believe where it is now
<<The company is CFP, or near CFP, as best we can figure...>>
Not even close. In its next 10-Q, I believe that ERFW will report its largest quarterly operating loss ever. You could be right but we will have to wait and see.
<<The O&G CAPEX money is out there for the taking, more than it has been in many, many years.>>
Not for ERFW. The only capital that ERFW has been able to raise over the past twenty-four months has come through the sale of revenue producing assets, borrowings from Angus at 12% interest, and the sale of newly minted common stock at a few pennies per share (which has resulted in MASSIVE common stock dilution). I was referring to capital expenditures that the O&G companies are investing in new technologies that make them more efficient and add to their bottom line... if we don't see more contracts over the next 6 months, you may be correct again... but the 8th MSA isn't signed so ERF can make their footprint bigger for no reason... hopefully DC has a strategy.
<<I have had patience and the ability to outlast most here>>
Yes, you have been an investor in ERFW for a long time and you have ridden the stock price down to almost nothing, presumably doubling down several times in the process. But is this a badge of courage or of foolishness? Jury is out... I am shooting for 2 commas not just one.
<<but I try to keep a positive, hopeful spin on my investments>>
I am sure that Hand Salsa D. Clubunngler thanks you profusely. DC has more shares than all of us combined... he is working for himself, we are just along for the ride
The key point I made earlier is worth restating a little differently... ERF may be the best buy now that it has ever been.
If CPF is coming soon, the 10Q will give us a clue... if she is going to run, it will be this year.
A1
There's a snowball in Texas!
AI
