Gees guys, on reflection, what a decent day/position for a small cap in O&G?
How good is the upside!?
How good are the assets!?
No offence to you Meerkat (you do make fair points occasionally), but there is always ""possibly"" going to be that 'slippage', wastage, abuse, maybe some local cor.upti.n (i didnt say that)with small caps!!!
But when you weigh it up, i think you have to appreciate that management have done a fair job to keep the market reasonably informed to assure otherwise - especially for a fresh start up!
Like I have previously posted, the integrity will only improve when they move that mid cap status (maybe when they drill 2nd/3rd prod well) and they start to attract the small invesment bank types who take that 5-10% stake...
Anyway, def a hold for me...
Good luck to all...
HOG Price at posting:
34.5¢ Sentiment: Hold Disclosure: Held
