OPEC have apparently called for an emergency meeting next week, presumably to cut production...so hopefully we see a stronger oil price sooner rather than later.
As for ERH TKO...i think its a little too small at the moment (in terms of recoverable oil) however it has three imminent exploration wells about to be commenced (59, 139 and 430B) so this scenario could change very quickly.
Personally I would like to see them take out the JV partner Gavea (with equity as consideration) and acquire 100% interest.
Cdchi1
ERH Price at posting:
17.0¢ Sentiment: LT Buy Disclosure: Held
