RE:RE:Chevron-led Consortium to Invest Up to $37 Billion in Kazakhlondry wrote:
Amazing news release. It just gets and better for us. There's going to be perhaps dozens of companies who might want to buy us out. The two things I want addressed ASAP is, first, the netback of our Kaz oil. If you look at Nostrum also in Kaz, they have netbacks near international prices. Management better ensure we get the same pricing. Secondly, I want to see Klymene drilled ASAP not only because we have every reason to believe that giant is going to be a successful hit, but because as soon as they announce the drilling of it the stock price is going to trade at much healthier levels.
I am long on this stock. Perhaps till the end of 2017. I have confidence oil will recover by the end of this year (2016). Summer's just starting and we're seeing very positive oil trend. Summer's oil consumption increases because more people tends to road trip , ect .... This stock will most likely get to 0.20$ by the end of the year if the oil does recover.
Good luck to all longs.