InvestorsHub Logo
Followers 17
Posts 2026
Boards Moderated 0
Alias Born 09/16/2009

Re: None

Saturday, 03/02/2013 8:08:02 PM

Saturday, March 02, 2013 8:08:02 PM

Post# of 320
I don't own much, but bottom line on Sun River despite all the BS litigation and in-fighting the last year+ is that the huge, potentially hydrocarbon loaded asset in New Mexico is still owned by the company with no lease hold expense. No doubt, shareholders have taken a beating, but adults don't typically fight over something that's worthless. If this company ever gets the capital it needs to drill in NM, not sure a bunch of frivolous litigation will hold it back. The reverse stock split was not fun to live through last December, but if this company finds capital, drills, AND HITS, with only and approximate 4.5 mil. outstanding shares and a very small float, the stock could explode. $!0 a share is only $1 pre split, $20 is $2, etc., etc. Very undervalued here in my opinion. Will add more here in the .20's & .30's in anticipation of a nice run up at some point. Ask yourself what that 200,000 acres is worth, which is in the same area where a major is already drilling and building an infrastructure!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.