RE:how much money do you have??The Access deal can wait. I thought too we should dump it. However, it makes no sense to dump something if you don't have too. We can easily carry Access for another 3 years, especially if the value could be 50% higher or possibly double. Management isn't getting excited and making rash decisions. That's a good thing.
One should never say never, however, MEG will never be below $5 again. Can't see it. Take a look at the first quarter. Oil will never look back at those numbers. Only 38 trading days where share price traded at or below these current numbers. EVER!
We're talking basically Mar 3rd when oil traded below $35.
World oil price metrics are improving. How many times have we hit $7.80 in the past 3 months?
In the next 6 months I can pull a possible 44% profit. Who cares about the next month and the price. Maybe I can buy better, maybe not. Ain't taking that chance and loading up heavy now.
I'm OK with charting numbers. Oil will be higher in the next quarter.
All IMO.