RE: MMT optimism and risk? Yes. Some risks remain. That's why you now are offered 15% divvy, from a cashed up, extremely profitable (THE most profitable oil producer that trades ANYWHERE that I am aware of), wity near term testing of Umu 10 (easily 90+% confidence level) that has thick pay and higher pressure (a very potent combination). And you get opportunity to see reserves double if the step out well is a success later in the year. All the while enjoying a fat
.20 annual divvy for your troubles.
Just think, a few months ago, the market was paying $1.10+ before getting the
.10 Special Divvy and the
.20 annual. I'd much rather pay $1.35 today with the certainty of the divvy than $1.10 without, particularly now that reserves are higher and drilling results are coming...
If that isn't enough to entice you as an investor in junior E&P, you have no business investing in the sector.
Today was just what I was waiting for...to add to an already overweight position...like taking candy from a baby...