Bryan:
I have watched this stock on and off since the first hype in July of 1997 touted billion of barrels of Kazakh oil. The following chart speaks volumes:
beta.iqc.com
Having learned about E & P companies and the oil services sector through the school of hard knocks (I have at one time or another "invested" in HEC, SEV, OIL, BNO, AIPN, ABACF, AKSEF, IRPPF, etc, etc...), my personal opinion about this stock is that it may spike here and there as rumors or possible deals materialize, but you will have to have incredible patience and an iron stomach to sit it out and wait for any long term value to materialize. It may very well make you a great deal of money, but there are so many other places in this sector you could place your money that entail less risk and more assured rewards. Just my two cents worth.
(To answer the inevitable questions, I'm 6'1, haven't owned any shares since 7/97, don't have any intention to, and I read this thread because I like a good laugh now and then... oh, and I don't like spam.)
Alex
(The long lost cousin from the left coast) |
