RE:RE:RE:Is no one long on here the least bit concerned? Yeah and not one of those names pay a dividend of any kind. They are also not taking on any major cap-ex expansions like SAGD. You invested after they anounced the SAGD project. You read their report saying it wouldn't pay off for two years from the start date right?
That means no capital appreciation until SAGD is finished or very close to it and if oil dips below $80 they take on debt and start eating themselves share price wise.
You can sell if you want to but doing it at the start of the oil cycle doesn't seem wise. You do you.
GLTA
CJInvestor wrote: I'm long in 5 oils including this so enough of your bullying. All are up 20 plus percent this year. I'm just worried about the health of this company that's all. Ath Meg headwater and nva all have no excuses. Just performance. Do t need gic I'm doing just fine thanks.