Replies to post #41005 on Hemi Energy Group Inc. (fka HMGP)

[moneymogul2b]

That is exactly how I feel. You have to look farther than the end of your nose on this one. Some of the other companies borrowed money to drill. I say Keith is a good business man. He thinks outside of the circle!

[duelittle2]

I'm just saying that world economic conditions...going South hard..is going to have its impact on HMGP..esp if demand drops world wide which will affect the price of crude...

The talking heads are saying a trip back to $30 but out of the other side of their mouths...they say the big producers need to maintain $50 or above to keep their profit machines going!..So we'll see if demand drops off and Oil hovers low for a while!

Also sadly to say ..it looks like Nomama is getting in...which I don't think will be good for the home team...I was hoping that w/ McC getting in ..a lot of the red tape for drillers/ producers would be cleaned Up!

It is just looking like a stretch in the time line until the economy and oil prices get back Up there...which means less capital for HMGP per unit produced and less profit..to keep the show on the road..but I think most here were already thinking about this to a certain degree!!!