Level Heads
posted on
Nov 17, 2007 06:34PM
Engineering, procurement, construction & management of crude oil refineries.
All...I've appreciated the discussion on this board and the environment that's been created here [particularly since the SH experience most of us shared].
In the midst of current speculation on the SP I thought I'd throw a little cold water on things in the hope that it'll keep us all sober enough to maximize the profits that we've paid so dearly for over the last few months...
Remember that stone in your stomach when you checked in to find that the stock was halted by MRS? Remember the second one when status changed from halted to suspended? Hold on to that... Use it to keep a cool head and objective view of things when we get trading again - let the other guys trade on emotion.
I don't doubt based on what we've heard [and some items that haven't been referenced that may be lurking in the weeds like Rwanda and the prospect of refurbing de-comissioned wells in North Africa] that there is potential for double digits over time. We'll all have to wait to see what the NR's contain. You'll recall our frustration before the halt with the series of NR's that moved things forward in small increments rather than leaps and bounds...be ready for that if it happens again. You can bet that the Co. will be cautious not to inflate news - MRS has made its point.
That caveat issued I'd look for $1-$2 during the first week or 2 [I'd love to be low but I'd be happy here and I'd have some to sell]. I'd also not be surprised to have to wait through another week while MRS plays 'replace that comma with a semi-colon' with the clarification. Beyond that there are lots of wildcards in the deck.
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N.B. If I turn out to be low on the figures please be aware that the zero key doesn't work well on my keyboard and sometimes I end up typing one when I mean ten and 2 when I mean twenty...there - now I'm coveved ;-)