Hyperdynamics Corp. (AMEX: HDY) Strikes Black Gold off Africa
Early May 2008 market capitalization for this stock has been well below $150 million. The stock price has hovered around $2. All Trailing Twelve Months financial indicators are hugely negative. Why should such a stock be an interesting one to watch? The answer lies in the fact that this corporation is part of the Energy Sector. There is always the possibility that a large and new discovery of natural resources will transform the fortunes of the stock. The company’s engineers have found a possibly enormous reserve of oil and gas off the West African coast. It has exploration and production…