RE:Tomorrow...Of course if they sell, that turns a paper loss into a real loss. It could be argued that this magnitude of loss isn't all that significant for a company the size of Alfa. The recent price action on Brent is something that they must have noticed too so they are probably not showing their hand at this point. Would you if you you were in their situation? I agree that crude is moving up from here and that will be reflected in the share price this week.
That said, I'll be looking to reduce my position when the price is right with the anticipation that I'll be able to buy back in at a lower price in the future and then do like the shampoo bottle says, lather, rinse and REPEAT. Not because of a lack of confidence in PRE, but recognition of the volatile trading range that we see nearly every day. The key to success is to buy low and sell high and my methodology for achieving this is to cross my fingers and click.
Good luck to everyone but shorts.
Bluto