Kels - good info to know about the continuing upward value of lease prices in an area of Hemi's holding.
Of course it would be nice to be able to value Hemi's asset by knowing the number of acres they have under lease. To my knowledge, Hemi has never PR's or even hinted at the total size of their Barnett holdings.
Maybe this is a reason that (quoting Hemi's own PR): "Hemi's very artificially low market cap is substantially below book value and even below tangible asset values based on conservative oil and gas industry standards, especially when ongoing due diligence on lease values in 2 states and also North Dakota's leases are factored in.
If you think about it logically, and not emotionally, isn't it hard for the street to properly value this stock when the actual assets are not even known???
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