GDN 0.00% 1.7¢ golden state resources limited

This is one out of left field for you all to consider. What...

  1. 91 Posts.
    This is one out of left field for you all to consider. What might be spooking investers:

    SOVEREIGN RISK. Yes, in the good old US of A.

    Obama has just signed legislation nationalizing the healthcare industry. Socialists also like to control energy.

    Now I will tell you why this doesn't spook me: the legislation is being challenged by over 30 states. So it will be a long long time before it is guaranteed to become law, let alone for them to move onto the next steps in their plans. By that time - even if it does come to pass - GDN should already have sold a lot of gas & made some money (or become TO targets.)
 
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