quote:Originally posted by bfw:quote:Originally posted by WineTrooper:
If you read the background it definitely sounds too good to be true. If it was that good it would already be $20 a share.
I guess that is why Statoil, the 11th biggest publicly traded oil company in the world, has decided to ante up for another well and advance the drilling further in Q3.
There’s clearly risk but “too good to be true” seems intellectually lazy to me.
Anyway, good luck to all in this very choppy market.
That’s why I bought a little more Bfw. I’m pretty wary of things that seem pie in the sky though....because I’ve played in the small biotech space which is full of shysters and con-men. I’m sure they have played games in small oil patches since they found black stuff oozing out of the ground too.