Good point, but of course, we are not realistically looking at a buyout until Hemi is more fully developed. At that point, with much improved revenues from oil production, the share price should be substantially higher. And not just because of the actual oil production, but because the much improved production will lend more credence to the Reserve report they are working on now.
As I wrote previously, I am willing to wait, and would like to add once they can offer definitive proof of sustainable oil production/revenue increases. Of course, no guarantees, but I still believe it is more likely than not they come through eventually.
"Eventually" is the operative word here, though I would not be shocked to see them come through with at least one well this season that exceeds expectations. Collins? Weslehoh? Driskell? It wouldn't take much with this share structure. For all three to work out great would be fantastic, but even one with 20+ BOD would be a marked improvement. Oil prices might be "down" abit from recent highs, but I see the long term trend as up....tough to even gauge a true "top" when I look at the growth curves of both China and India!
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