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Houston American's reserves are highly questionable, and have been touted by David Snow, who has been involved in several energy company scams (such as Solv-Ex). This company may not be a complete fraud, but it's certainly hiding something from investors, and is highly likely to be overvalued.
I think it's pretty disgraceful when people talk about possible fraud and make baseless, completely unsubstantiated attacks like this without presenting a shred of evidence. I just hope you are short IRL so that if / when proved false, you pay the penalty.
http://sharesleuth.com/investigations/2010/06/both-of-the-oil-companies/
http://www.citronresearch.com/index.php/2010/04/08/husa-recent-run-up-is-a-snow-job/
http://seekingalpha.com/article/197437-houston-american-energy-corp-set-up-for-collapse
Snow was actually under SEC investigation in 1999:
http://www.sec.gov/litigation/admin/ia-1811.htm
I think this is Mr. Snow...
http://aaronandmoses.blogspot.com/2010/02/bull-case-for-husa.html
Dude's got some beef with the Fool:
http://aaronandmoses.blogspot.com/2010/01/update-on-houston-american-energy.html
Prodders wrote: "I just hope you are short IRL so that if / when proved false, you pay the penalty."
I suppose it would be rude of me to hope that you own lots of shares in real life.