Ann: Nido Secures Dragon Oil as Farmin Partner to, page-30

re: Ann: Nido Secures Dragon Oil as Farmin Pa... Shocks,

Let me give you a couple of corrections there...

I did not say 'half baked' announement.

I said "..announce a "half baked" farmin arrangement.."

The second stage is subject to "certain conditions" as well as DOE approval, so not set in stone yet (still baking). In fact, the first stage still requires DOE approval.

You say.. "Whilst I agree that the annoucement injects some doubt..." Ego mihi arbitror.

After what I've seen with BHPP and OEL over SC55 (x 2), I'm not taking anything as gospel until the bit breaks ground.

On Getty...

"He found dividend-paying companies with dominant positions in their market and he held them for the long-term."
"He didn't believe in buying strong dividend-paying companies and then selling at a loss when the market fell a few percentage points..."

"It is possible to make money -- and a great deal of money -- in the stock market. But it can't be done overnight or by haphazard buying and selling. The big profits go to the intelligent, careful and patient investors, not to the reckless and overeager speculator. The seasoned investor buys his stocks when they are priced low, holds them for the long-pull rise and takes in-between dips and slumps in stride."

Consider the story of Tide Water Associated Oil Co. Getty first bought the shares in 1932, in the middle of The Great Depression. The Dow had dropped from a high of 380 in 1929... all the way down to 40 -- a fall of nearly 90% in three years. Investors had dumped everything. No one was buying stocks.

Getty first bought shares of Tide Water at just $2.12 per share. Five years later, they traded above $20. And this is just one example of his success.

Given his investing style, do you think he would've filled his bag up with NDO shares, a speculative stock, or does it sound like he was buying up already successful companies during times of distress?

We all know what the "professionals" say about speculative stocks.

NDO undervalued...yes, probably. Remedy...find more oil.

That's what we all hang on for in hope.