Houston American Energy Corp. (AMEX:HUSA)

No noticeable revenues, scam alert ! Seen many such stocks - they have never made any money. My target for the next 2 years is 0.5 dollars - yes half dollar.

insider purchase $775K

No reason for it to rally this hard in the face of bad economic news. Irrational buying.

The Columbian assets of this company are real, and the government is behind the project. There is great potential for growth and demand in this area. I have done extensive research on this company and its assets, and I do not understand why the short interest is so high. On the most conservative production estimates, and the most dramatic cost estimates, I still get a $24 value for HUSA by mid 2012. It is currently trading around $17.

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.

Extremely High Price for Book Value

A leader in its niche. Already has made big move but has much more to go. Buying more today.

Columbian wells shut down last year causing income drop

HUSA recent run-up is a “Snow Job”
Posted in Citron Reports by CitronResearch on the April 8th, 2010

stock ticker: HUSA
   
Citron alerts readers about the identity of the pseudo-analyst responsible for the puff piece responsible for jacking HUSA, a mere shell of an oil company, from 8 to 20 a share over the last month or so.

He is none other than David G Snow, a name you might not know if you’re a newbie to the stock fraud beat. But for you old-timers, grab your Fedoras.
David G. Snow is none other than the notorious analyst who pegged the $1000 price target on Solv-Ex, one of the most notorious stock frauds of the 90’s … and probably the largest energy stock fraud ever … until Enron came along.

citron pick

Wow, so I just grabbed this one for CAPS because it looked like it had some recovery to do from it's 800% Y/Y high. That's the last I pick a stock based on its chart alone. This guy has a ridiculously high PE and horrible growth - in fact their earnings have been increasingly in the red over the past year during the economic recovery. Terrible profit margins, high costs, low sales - how this company is still afloat is beyond me.

Dump it like the crap it is.

citron research obv

If it seems too good to be true..........

Run-up+high current+high book

defintely big long-term growth potential, even if price is spiking. The potential for Columbia holdings is enormous.

Rise too steep to maintain and high P/E will correct soon.

HIgh value, safety, timing relative to peers

what the? What's wrong with everyone? How is this at 11?

I have been following this stock for a month or so. I have been blown away by the rising price. Looks like their earnings don't support the rally, or this price at all. Here's hoping I caught the top of the trajectory.

Disclaimer: I would feel a lot better if I saw their Q4 2009 earnings. I am somewhat concerned that they might keep going up. I was going to wait a bit longer, but my magic eight-ball told me to go for it.