RE: What do they know?9 Feb 2021 10:33
Excellent post arfur, good balance.
I always welcome view from both side of the coin best and worse case scenarios, barring a couple of idiots there is usually logic and for me helps with my own research and decisions.
My overall thought and opinion, is we will see a positive RBL which will hold us in the 30s. Then my play is on Suriname and if we find a deep well, then this become a jackpot. BUT big but there are a number of factors, oil price, sentiment, Q1 financials.
I've been in at 23p top slices at 34 and then rebuilt a decent position back around the 27p so I'm stron here and in a position to hold and buy.
For others depends 9n your situation, but this is a completely different business from one I looked at a year ago and with much more promise, my opinion is we have more things going in our favour than against.
So for me it's a buy and hold to mid 40s
GLA DYOR