HDY has been very good to me since 2010.Ray gave the play another breath of life,since the Watts were practically headed towards the pink sheets and a r/s.
Exploration is high risk as we are all well aware.There are no guarantees.
Ray made one error imo that killed the stock price after the non commercial oil find.He should have taken the first JV with Noble or whomever the suitor was.That would have avoided many problems most of all the jasper and the dilution that followed..Maybe several holes would have been drilled,we will never know.
Now its all about damage control for the mgmt..They know a r/s is inevitable,they know folks are upset,they know the street is playing the stock as a yoyo for now...
Only thing left now is for Tullow to strike oil,and all will be forgotten imo..
Ray burned a few bridges along the way but in the end gave everyone a run from 0.22-----7.78,,,,whomever didnt profit from it for whatever reason should accept personal responsibility for there actions,as in the end we click buy/sell or we hold for the holy grail....
When a CEO is telling you the stock is worth 30.00 on a 2d/3d analysis,take it with a grain of salt as that is his job,PR,PR,PR....
The market is designed to fleece us folks,not to make us wealthy....;-)
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