RE:Eric’s buying if he can
My view is it doesn't matter whether Nuttal is buying or selling.
He has already done us a world of good by bringing a ton of exposure to ATH. He has no responsibility to tell us when to buy or sell nor when he is buying or selling. He never sold the O&G sector down-the-road when most others did.
ATH's fundamentals haven't changed one iota in the past week. Their FCF estimates for Q4 were based on $70 oil. Oil has been about $10 above that so far.
So I f you bought ATH thinking you'd be rich in a week then you deserve what you get. If you bought ATH for its fundamentals and the belief that oil is in a growth cycle then relax.
All jmo
glta
MrICE wrote:
Eric Nuttall is buying if he can. He was already close to his 10% ownership before. He may have sold a little of his holding way up there so he would definitely be replacing shares down here. That's what investors do.
He is in long term. Debt free just over a year.