Don't beat yourself up, I am showing and consistent heavy loss on iGas.Sometimes I wonder, even if they do start producing Shale gas, if they can still top the heady heights SP that they did 2 years ago ( Last check I reckoned that they have to be 80PPS before I start making a profit on these).My thinking, all things being equal, that they could top the 100 PPS, perhaps 130 if , but 2 to 3 years down the line from here. So don't go out on the window ledge just yet, you have yet to chortle about being a wise investor.....Depending if my prediction comes true of course :))
Sometimes it takes words from a madman (wrt your pseudo) to make one actually shake one's head and come to see things as they are. I have taken a massive loss on this share, not through any fault of Igas, but because I was fool enough to get in at an unrealistically high SP. Igas is a good, small, producing O&G company. It holds vast potentially commercial acreage, but which remains undrilled. When the POO rises, there are tens of thousands of already drilled wells in the USA which will come back onstream, and there are LNG export terminals essentially just ticking over, and they'll kick in, as well. Before Igas has got planning permission for two or three boreholes in Britain.
Licking my wounds, counting my losses, and with some regret, I got out today and instead put the funds into something else O&G, highly speculative, but which if successful should earn very big within a couple of months, not years. A gamble, sure, but one can only sit on one's hands for so long.
Good luck nevertheless to all with the patience to remain in.
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