Hyperdynamics Corp (HDYNQ)

[gpg]

Seeking Alpha on HDY
http://seekingalpha.com/article/271686-cramer-s-mad-money-the-skinny-on-weight-watchers-5-24-11

CEO Interview: Ray Leonard, Hyperdynamics (HDY)

Cramer took a look at speculative oil and gas play Hyperdynamics (HDY), with a $660 million market cap and selling at just $4.44. The stock is up 10% in recent trading, so Cramer would wait for a pullback. However, the stock is down 20% since it reported in February and since then, a report on its deep water assets in Guinea has indicated a 150% greater oil potential than previously expected.

Ray Leonard took issue with Cramer's describing Hyperdynamics as a "speculative" stock, since he thinks the company has removed a great deal of risk. "We are working at light speed," compared to rivals, and as a geologist, Leonard says the West Guinea assets are brilliant and among the largest in the continent. The company has solved its debt problems and the government in Guinea is now democratic and cleaning up corruption. "We have moved from high to middle risk," said Leonard.

"Please be careful, but you just heard the facts. It does sound like things are more stable than I would have said before the interview," said Cramer.