the Poker Stakes are going up, the players are positioning,
the game has been set for a while we just never knew the game time, and now we do ...
as everyday passes we are closer to the prize
while $0.28 is not great and based on past run-ups of N of $0.80 on 3 separate occasions with far less in the coffers we can easilly second guess our investment decisions
BUT - the past is the past - this is the new economic reality
that said,
its simple supply and demand and we just dont have enough buyers
but the sellers are slowing their pace [low VOL indicator] , buyers are tightening their grip and hence leaving the pps to only go one way - UP
this is NOT a stock you want to bet against in 2009-2010, this is BIG OIL and we have lots of it - playing with the majors
too many variables and too many favorable outcomes
the rumors of buyin / buyout have already started and will grow in intesity and conviction.
those 3 offshore JDZ ERHC accounts were set for an obvious sale ... time will tell -
Some have said ERHC WILL NOT BE ERHC when the OIL comes - and its coming
FYI - are sources have proven correct and will again
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