Replies to post #41008 on Hemi Energy Group Inc. (fka HMGP)

[moneymogul2b]

Most of us have had this in our minds for a long time. We bought, knowing Hemi was debt free, and Keith wanted to keep it that way. We are so much better off than most of them. We have capital to keep drilling, we have a lot of oil wells that produce smaller amounts, but are consistent. Enough to keep us going, even at the lower oil per barrel. As I have said before, we bought in when it was between 40-50 dollars a barrel. I think some got carried away with the 100-140 pbp. it is going to fluctuate, but i don't see it ever getting below 50 again. No matter how low the economy gets. We still need it, and they are going to short us to keep the price up. I believe we are in a temporary downfall, may take 6-12 months to get it going. .

[Big Mur]

The same people that are out declaring extreme low prices are one who were also saying we were going to hit $200, $300, even $500 oil just a few months ago...

Most of the ones who are making all the proclamations do so because it gets them more interviews from a media industry that thrives on the sensational.

Prices dont' just arbitrarily move up or down. Oil prices "bubbled" because they were being driven to do so by the speculators who were taking advantage of the control they had at the time. The crude prices would have not gotten that high that fast left to normal market conditions.

Likewise, crude prices don't just fall due to gravity, and most especially not just because some talking head on the TV says they will. The forces that can influence the market prices most likely won't let it. It's kind of like proving a murder in court... there usually has to be a motive and suitable circumstances before claims can be believed.