Post by
JonathanJSmith on Apr 25, 2022 10:24am
Commentary
Anybody else watch the BNN video? Schachter commented that HWO was $10 in 2016. I don't remember that. Does anyone else? Furthermore, I like how he said, "...should be $5-$6 in a few years." What does "a few years" even mean? lol With luck the stock doubles before 2042 - I should still be alive to enjoy that 100% gain; or course, with current inflation rates, that double will be more like a halving of my investment. It might be time for iBonds - they are currently paying over 7.5% (qualified and no state taxes). I'm slowly getting tired of watching this paint dry.
Cheers and good luck!
JJ
Comment by
Creemore77 on Apr 25, 2022 6:11pm
Just listened again; he said it was $10 'in 2006 - 2007' which is a while ago, but is the last time PNG was active. I think he said they have one of four rigs active, the others waiting on projects to get regulatory approvals, so the time frame should be more like H2 2022 than 2042. I hope.
Comment by
JonathanJSmith on Apr 27, 2022 9:24am
You're right - I don't know what I was smoking when I listened to the call but I need better stuff! Cheers, JJ
Comment by
auburn2 on Apr 27, 2022 2:53pm
Share count was way lower then. He was being disingenuous saying it was a $10 stock then because that $10 was equivalent to under $5 with the current share structure, and I haven't even gone over the financial position at that time.