RE:RE:Premier Oil shares suspended ahead of possible M&A news
Ferret, no argument, IAE had and/or created some windfall $$$ which they applied to debt last year. But again, it shows good judgement on management's part, as did the unloading of all the Vailant exploration assets that they had, as did the hedging that they put in place to carry them over exactly the kind of sector melt down that we are all witnessing until they can double their production with Stella production and an Opex cost of $25.00 and the PoO at a higher level.
Hey look, this ain't a great time to be in O&G that's the truth. And for some of us (me), I'm trying to weather the storm with IAE. Could I get out, well sure, but with Brent striking below $30.00 today, and IAE strongly treading water, I'm thinking we are getting real close to the bottom and am willing to take the risk that the PoO will be significantly higher than $30 by the time Stella comes on production. And if so, then I will get a lot more than $0.39 per share. Could I be wrong, well of course and I do not suggest or counsel anyone to follow my lead. All of our situations are unique and we all hold our own risk profiles within our portfolios. But the point is, there is ALWAYS risk in any investment at any time. It just happens that the risk factors right now are a little bit more obvious to many on this board that state that "this is exactly how investors lose money". Hey Zoos, given me a f ing break. This is also exactly how people make money. If you don't have a taste for this kind of risk then don't take it. But here's a news flash, investing in junior to medium sized companies always carries A LOT of risk weather the bullboard pundits know it or not. Pretty simple.