(ot) Good question. There is a lawsuit concerning the small HDY Louisanna oil and gas operation...that seems to be a drag on the share price. I think at least one smaller hedge fund is monkeying with the share price too. It's thinly traded and can be moved around.
There was a rumor this past Friday that the ceo was going to Guinea to get the revised pact done. The company has been silent, and the rehash of the wallsteet.net invterview seemed to do more harm than good yesterday.
This past Friday was a top 5 volume day since 2002, on no news...first I've ever seen that kind of volume on no news.
I wish I had the answers....and I hope there can be some dialogue here on both ERHE and HDY. I'm long on both and see vast potential in each. ERHE has 16 times the acreage and high prospect targets already identified in just one small target area. 2 billion barrels estimated.
I've seen posts referring to up to 18 billion barrels in the ERHE blocks.
Both stocks really have more in common with each other than any others I can find, although ERHE is further along in terms of contracts and market cap.
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