RE: Serenity details from EOG Finncap note from other bb14 Apr 2022 09:42
Don’t understand Seav.
Oil and Gas, like mining, is a wasting industry. If you’ve got inventory going out the front door, you need inventory coming in the back door.
Second, their business model is to acquire assets when companies are stressed. So the timing is wrong currently.
Maybe this is the reason why your concerns are unfounded. This uptrend has a while to go yet IMO. We’re in an oil super cycle likely to last for the rest of the decade.
So if you sold out, see you.