RE:RE:RE:EarningsTheonewhostocks wrote: I'm just saying that usually a poor balance sheet, lots of debt and a bunch of forward looking statements are usually enough to tank a stock. It can sometimes be beneficial to buy in after the initial sell off from those looking to make a quick buck.
You clearly don't understand SEI. The balance sheet is healthy, they cashed up in March $20M+ from warrant execution, have no debt, and are free carried on their key offshore blocks with Galp, Chevron, and soon Woodside. This is derisked to $3+ by just one 10B barrel of OIP discovery by Galp, which is likely to grow by billions of barrels more. The Saturn Superfan may hold 40B barrels of OIP, and Chevron starts drilling another block later this year. This might be the best positioned oil stock on the TSXV, and hopefully soon on the TSX. GLTA.