GREY:STPJF - Post by User
Comment by
nikeherculeson Jun 18, 2014 1:26pm
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Post# 22671748
RE:RE:hold or sell
RE:RE:hold or sell
At this point it's more about just being patient. STP will increase production one way or another and they have the cash to get to breakeven as JUnit290 mentioned. Hold or sell at 0.30 or 0.40 is another question entirely. But in the low twenties, given the information we have, for me this is a hold.
If your average is in the low teens, you're in the green - what is the hurry? What are you going to do with the money? Throw it at the S&P 500 or everything else that's near record highs?
The decision to buy or hold is also a very personal one and related to the performance of the overall portfolio. Are you overweight with STP? Does it keep you up at night? Will you be upset if the SP dips back into 0.18 or 0.19 temporarily?
Again, patience is what is required here and at this SP. If this goes back up to 0.35 in one day on a surprise news release, sure I'll be a seller and take advantage of the volatility.
Ask me to sell STP at 0.21 given the information we have now - nope.
I'd rather sell my CNQ and MIC before STP at 0.21.