RE:What Should one do?
sat11 wrote: Should I just get out and take a huge loss or hold on, any advice would be great? I feel the management has really let us down by not addressing the debt issues when the oil was above 100$.
Something to Ponder:
Don’t sell because it is down
Many investors have recently thrown in the towel on the energy sector, just like they did on the gold sector earlier this year. Selling because you are losing money is the wrong reason to sell.
Sure, getting rid of your losing investments is often the right thing to do because of weakening company fundamentals, but not because of a weak share price.
Case in point, Glentel Inc. Many investors gave up on the company because its shares had not done too much, and they were bored. Glentel’s last quarter showed some improvement, though, and BCE Inc. considered it good enough to take over, at more than a 100% premium.