GREY:DTEYF - Post by User
Comment by
kisstopherpon Sep 29, 2015 3:01pm
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Post# 24146208
RE:30,000 more at 28 cents.......
RE:30,000 more at 28 cents.......zadman wrote: Couldnt resist. Mkt trading horrible though, beginning to wonder if I am jumping the gun here. Oh well, still only have a quarter of what I want. Lower prices will be viewed as a gift but I'm not confident enough to sit on my hands and wait for them to come....
Oil itself isnt trading all that bad, continues to hug its 50DMA. What's to say its not consolidating its move from $37 and is setting up to break ABOVE the 50?
zad
I'm always mindful of a few things:
A) Having a balance sheet to survive in a $45 oil environment,
B) public value vs. private value. CANAMAX is valued at what 18K/flowing in public markets and could get likely 2x or 3x in a private transaction.
C) Canamax's 1P value is .66c and will grow as they push 2P reserves into the 1P column.
Market is in horrible shape - I look for improvement in February 2016