Ok it was just a punt24 May 2018 09:46
Bought a small holding here years ago along with 3 other small oil companies... SEY has done sweet Fanny Adams. I will never recover the loss here. What amazes me is that they did have loads of cash and no debt, and due to the company not doing anything with it the money is now dwindling away.�32M left I believe. Unless a miracle appears that will run out in 1-3 years. My other small oil companies I bought were GKP which is now flying but due to consolidation some time ago it is now not worth the effort. My view has changed so much that I am going to become a defensive investor and dividend hunter. Due to the fact of not recovering any time soon time to cut losses I'm OUT
Bye