Some of these posts are amazing - amazingly bewildering and dumb.
If you bought to sell pre spud then hard luck; that's the game and the risk.
if you bought for the long haul - that is, post spud and announcements then it doesn't matter what the price is now; TOTALLY IREELEVANT..
If there is gas(or oil) you will make a great profit no matter what you paid. What the price would be if its gushing gas/oil is anyones guess, maybe more than $2, maybe $20...depends.
Just because the price is down from it's highs, and because a director is (sensibly IMHO) selling a FRACTION of his holdings, DOES NOT MEAN IT WILL BE A DUSTER...GET IT????
Nobody knows any better than we do whether its a duster or not at this time of drilling.
Common sense is not very common here.
Rik
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