I have a news flash for you, Cash Money.
BELLVUE #1 IS NO LONGER SPECULATION.
I've been saying this for a week, but people aren't listening. We have a very large gas reservoir beneath our well. Just how big it is, we don't know, but we do know that it is big.
One cannot have a natural gas flare this big, at this constant a pressure, for 12 days straight with no sign of weakening, without it being a large pool. Look at the $20 KOB shares in a month's time and today's $2.00 shares will seem like a bargain.
After having read the mindless drivel on the Stockhouse website, with people bragging about getting 20,000 shares at 75 cents and calling each other names, I wouldn't take note of much that I read there. It doesn't cost anything to post there and consequently it attracts a different crowd.
That aside, there are rumours of takeovers floating around Calgary. Last week, I heard that Berkley put an offer for KOB at $2.00/share, when KOB was trading at $0.71, but it was laughed off. Offers can be expected, because you can be sure that the directors of these companies are aware that ELH is no longer speculative.
Now is actually the best time for a takeover if you are confident in the play, because with time, the smaller companies are going to gain on the larger ones, getting relatively more expensive.
More companies means less individual risk, but the risk is gone.
That's how I see it anyway. |
