Great post Giddy Up.
The "No debt" issue has to be pushed.
So many of these junior o&g companies run under a cloud of debt during their start up phase-"SSN,GGP" and it almost kills the company save for an outstanding find or sudden increase in commodity prices.
Major reason for buying is that the gas price is at an all time low. If anyone can foresee the future gas price please tell me. What can't be discounted is that the chart is at an all time low.
Is the Obama Admin really going to lose votes by embracing onshore gas and relieving the country of its depedence on foreign oil??
I had doubts about his capabilities but history has shown his has pushed doggedly unpopular reforms that are beneficial to the country. Who would have thought health care would have got through??
I'm a fundamentals guy and agree with B.Pickens that the US will embrace their own gas supply. It is in the national interest. If any such reform comes in the next twelve months then the gas price has support.
And what of the money spent compared to the market cap? Participation in these finds has surpassed 7mill and look at the upside???
Not bad for a company with no debt..
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