Eloise ~~
The pps of CHAG seems to be riding right along with the rest of the OTC BB stocks. I know Shane was quite frank in his recent interview with Tom Bustamante ~~ about the company's shares being "severely undervalued" (in his opinion). However, until the company actually has "earnings" to report, the shares really aren't undervalued. Not by using traditional methods, anyway. The best thing CHAG can do is exactly what they are doing. Pump oil.
The price of crude oil and natural gas will continue to go up as the energy crisis mounts forward. The increased demand on natural gas (and fuel at the pump) and the cutbacks on production from Saudi Arabia, only lead to one outcome. Increased prices. A cutback on supply with an increase in demand is certainly going to create a market for CHAG (and every other company in the energy sector). Now it is just a matter of those "small steps" many of us have been expressing. As the latest interview went. . .small steps appear to be the strategy.
Also, I'm glad CHAG backed out of the merger with the AMEX listed company (to avoid more chaois). I think that CHAG will be better off getting their properties running. . .and applying for a listing (on their own). The market certainly can't do much more damage to CHAG's pps. Not while revenues are beginning to come out of the company. It's just a matter of that slow burdensome process. ;)
Anway. . .lets hope things go well with the highest producing well. Fifty barrels a day is better than nothing.
Keep the faith!
Peace,
M&M Man
