Replies to post #7936 on Hemi Energy Group Inc. (fka HMGP)

[oilman57]

Yes they are building the company the right way. Much like Transglobe Energy did, debt free. TGA was a .30 stock 4 or 5 years ago now its around $4.00. It had run all the way to $9. The best time to buy into energy stocks is when the company is in its infancy like HMGP and RGNO. With younger companies every time a new well is drilled the price will rise and reserves will increase. That is because every new well adds to the proven reserves.

The more mature oil companies have to drill new wells just to try and replace existing reserves and older wells that are depleting. That is why it is harder for them to grow and easier for companies in their infancy to grow such as HMGP and RGNO.

[moneymogul2b]

I heard talk here that he old wells in Batson are going to be reworked. Talk of using the old roundhouse method? I will have to look up that one!