The problem with the WA brokering teams is that they appear to...

The problem with the WA brokering teams is that they appear to only promote the stock which they have placement rights for, whether it is really a good buy or not. Therefore I filter anything Hartleys says in this light as they were missing in action for other shaler oilers which were screaming buys at their lows even to those with minimum technical knowledge.

How can ETE be worth $566 per acre? Well 40,000 acres of a producing field just to the south of it went for much less than this only 2 months ago.

$3,000 an acre is only from riding on the back of what the major shale oilers have drilled in their areas. Green River is not Powder River/DJ Basin/Wattenberg etc., it needs proving suitable for horizontal drilling. Whiting will test that next year, but it might take a few holes to get it right.

IMO if I held I would hang around if Gulf of Mexico comes good, because at least it should provide a floor in the share price whilst Green River winds up. If Gulf of Mexico does not pay I doubt it will hold current price.