Stock is trading at Debt Free Premium I use to trade this stock and take advantage of the swing when it was under $1.00 did not think that it would break above $1.50 anytime soon. So taking advantage of the swings would improve better returns made sense.
Did not think that it will outperform some of the other oil companies I owned because it is a small company with small production and limited inventory. This is the smallest company production-wise that I own as compared to Su which has massive production.
Once the management announced that they are paying off their debt. I have not traded the stock and kept the shares I had left. Just the idea of owning an oil company that was debt-free was new and amazing for me. I knew that market will treat the stock well and this stock will trade at a premium for just becoming debt-free.
This little company has performed better for me than Su so far. Wish that I had injected the same amount of capital into this company as SU.