GREY:MKRYF - Post by User
Comment by
OOU812on Jun 29, 2017 8:55pm
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Post# 26422343
RE:RE:RE:RE:RE:Back to basics, will Manitok survive at $45 oil?
RE:RE:RE:RE:RE:Back to basics, will Manitok survive at $45 oil?MEI,MQX and EGL are all value traps.Based on NAV, they're quite cheap
but based on CF they're no bargain.The companies with good CF are the ones
that will be around to fight another day.The rest are major gambles.
Stick with companies that have low decline rates (preferably under 20%),
good hedges,good CF,low debt,high insider ownership,low finding costs
and you will sleep much better.Leave the others for the gamblers.
How many of the above apply to Mei, not too many is right.
When in doubt sell half,very seldom do I regret that move.