Post by
TraderRJS on Oct 05, 2021 5:04pm
Share rights
Being from CA, I was pretty ticked I could not participate in the offering and didn't think enough people were stupid enough to sell their shares at this stage of the game to allow me to purchase more in the $1.29 range but alas the world is never in short supply of short sided sellers so dang I actually get to buy more shares tomorrow. Woo hoo, exciting times.
Btw, if either the port was priced into the SP, Kawa-1 wasn't surrounded by oil in large quantities, the tracts of land CGX controls weren't located so favorably, the current management team wasn't so experienced, 3rd party review of their 3D findings wasn't favorable, majors weren't actively looking for ways to get more involved in the basin, the price of oil wasn't moving north in what appears to be a long term trend, Fronterra wasn't showing confidence by buying up any available shares left over from the offering, the practical float wasn't so low, I'd probably be more conservative.
Comment by
stark15 on Oct 05, 2021 7:17pm
TraderRJS......u should have been around when clouder/catman sold all his shares in the .30 - .40 range, lol.... BTW, nice last paragraph.....i dont think u missed anything, lol GLTA
Comment by
TraderRJS on Oct 05, 2021 8:52pm
Thanks!! Since it was off the top of my head, I was worried I was going to miss one of the many reasons to have confidence. It's likely we've all invested heavily in the past on other stocks with far less to go on.
Comment by
dragonfly454 on Oct 05, 2021 9:43pm
That and my confidence that Maersk Discoverer is an A1 rig with good pressure systems