You can lead a mule to Hemi, but ya can't make 'em buy it.
I am continually searching for the latest impressive fundamental gains in the oilpatch, and seldom do I find them where there are no strings attached.
Though I don't claim to be a pro at anything, I've learned enough to know what seems to fly, and what don't. Not saying I never miss a good oilplay, but I'm getting better at this game.
I've DD'd the likes of AMEP, BIGN, ERHE, ILGY, NWOG, MKGP, MXXR, UPDA, and RGNO, to name a few. ALL have caveats that the common shareholders seem to ignore....and they wonder why the stock is undervalued. Is their companies REALLY undervalued? Most of the time, in my eyes, no. I'd be in them if I thought they were.
Since I do not invest in hopes, I do not invest in the aforementioned companies. I invest in the ones that have the honest to God, true, extremely high growth potential, and are diligently working towards that end. Preferably, the ones that don't yank the shareholder around with unfulfilled promises and countless delays.
Investments are about making money. If all things were fair, HMGP would have continued to uptrend all this time, if it weren't for the MMs, who, because of their NS positions, have instituted extreme measures to cover their arses...at our expenses.
The day we ran to .90 was the beginning of their 'trashing' of Hemi, by creating a chart that finally showed volitility. I cannot begin to estimate at what cost they did this at, but we all know that sometimes ya gotta throw money (new shorts) at a problem in order to solve it. This is what they are doing each and every time they 'take the price down', hoping that 10K-20K sacrificed new shorts will reap them 100K-200K panic sold shares. It appears to be working...on the less than savvy investors. If it is NOT weak shares selling, then it is the MMs throwing new short shares out there, of which they are only digging themselves deeper in a hole that they will NOT be able to get out of for cheaper, at a later date.
Shareholders only need to remember that Hemi is debt-free (MAJOR factor), HUUUGE insider positions, owns extremely choice leases with VERY attractive reserves, exclusive interests in these wells, and now even has their own rig so's to no longer be at the mercy of others, and furthermore, now positioned to help fill the void where others will fast seek them out.
In the stock market, there are never any guarantees. For this reason, it is of the utmost importance for investors to weed out as much of rif-raf as possible. With Hemi, the fundamentals simply could not get any stronger except perhaps by being a fully reporting company (which is not unlikely in time, only that the CEO is honest enough to say upfront that it is the last thing on his mind).
Let the truly discerning O&G investor be advised:
HMGP is a strong buy and hold, and at these levels, temporarily discounted furthermore, even.
(This is not pump and fluff...it is fact)
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