Hi Grayhairs,
the only happy thing about this anniversary is that she's still blowing with undiminished force, which, (as you pointed out earlier ?), bodes well for the eventual reservoir size.
I wouldn't want to "bet" against these guys. Then again, I wouldn't want to bet against her raging fury either and I certainly wouldn't want to be the one to have to mess around with it, so I'll just pass.
"3 weeks away" sounds about right to me. This would mean no "party" type news for about two months, which is a hell of a long time to wait in this market. If I had the money to do it, I would just take the rest of the winter off, get a good book or four and go to Maui, or maybe even further, somewhere where they don't have the internet and computers, so I wouldn't be even tempted to look at these stocks.
And I wouldn't worry about them a bit. Really.
Well, maybe before going, I'd give the insurance agent a quick call to settle this "insurance cap" issue for my complete peace of mind. I would say something like: " Now look here, my good fellow, I look at these little guys as money in the bank and the blowout as a little technical glitch, like the Y2K bugger or somethin', which has just delayed the dividend pay out. Do we have enough insurance to cover the cost of fixing it or should we be raising more money, like in addition to all the money these little guys already raised, in many cases out of their own pockets, to cover that eventuality and eventually, get a better lining?"
And if the good fellow told me in reply not to worry about it too much, that the "cap" is some ways off yet, then that is precisely what I would do. Not worry about it too much and off to my tropical paradise I'd go.
As things stand however, until the dividend comes in, all I've got money for is a skate over for some groceries and the burned out florescent lights in my kitchen. I am not looking forward to falling on my ass and breaking them at all. So off I go, worried all the way.
CIO
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