No, you clearly got it wrong. Its actually pessimistic Chris.
The bi-Polar individual you have me mistaken for is our tin-foil hatted friend, lovehockey
Indeed, we shall see how it plays out over the next year. Not particularly keen to get back into this one, but who knows, it may surprise us.
Well, we know that 35 is not sustainable, 40 is not sustainable, but it is getting closer to being cash flow positive at 45. as stated previously I may take a second look if WTI can break 45 and form a floor at that level.
And you are absolutely right, doing nothing has certainly not hurt very much over the last 6 years, unless you are an active trader.
That being said, I hope you get your ten bagger. I don't that its very likely but, best of luck.
Maxmoe wrote:I can almost write the script word for word. When wti goes through 45 you will opine that it's not sustainable so no way you will pay 25 or 30 for Ath. Then as it marches to and past 50 wti, Ath will also start its March to 50 and no way you will pay up. To say you'd like to buy it at 11 cents like I did but only if wti is solidly at 45 is classic investor folly..... all talk,no trade. You won't buy it until wti is heading thru 60 and Ath is getting close to $1.00. By then it's 'safe' and the debt has been rolled forward 5 years.