as I suspected the opportunity to buy below the spp has presented itself - and there's a good chance given HOG's poor management performance and lack of market savvy that it could fall further, anyhow my first target 36c has been met and I wonder how long it will be before the next target of 32c is hit? after that it's 28c, and it's coming up to a bad time for spec stocks in the market anyway - it's critical that the current "bottom" is held or it will really fall.... but I doubt HOG knows how to turn things around given their poor communications to date.....
nobody seems to get how Hartley's clients operate, I did mention that Hartley's was bad news but nobody took any notice..... my view is that HOG was initially lucky but they remain a one-trick pony and have much to prove yet if they wish to be taken seriously - I guess the sp is around where it should be on fundamentals and will only improve significantly if more producing wells are brought quickly on line - though it remains to be seen whether HOG is capable of doing that with the shonky looking rig they've pictured twice already?.....
and as Dexter pointed out, where is the independent geological evidence for extending the current field? are they just wildcatting around the current well? I wouldn't know and the company apparently don't see why they should provide any further information either - not the best approach.....
but don't worry Jackherb, the next well drilling will be, as we all know, SOON...... ha, ha.....
as I suspected the opportunity to buy below the spp has...
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