RE:Oil Climbing - expecting this to take off on news!
Virtually no debt is an understatement, they have around $450 million in cash. Before Xmas I bought 65,000 shares at $1.40 because they were trading at essentially cash value. Then on the pop to $1.60 after Xmas I sold 35,000 to leave me with a long term hold of 30,000 shares at an average cost of $1.20. I will hold those shares until oil is flowing through the new pipeline in a couple of years.