Advised me not to put any new money back into O&G companies. Stated that all the market wants is new money to enter the market or new and fresh participants. He said that's why all 0&G shares go down together to stop PI's. switching from one company to another, eg sell BLVN and buy Xel as that would generate no new money entering the market. I would advise therefore if you have any spare funds or cash put it somewhere else instead of averaging down etc here or with other O&G companies.
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