RE: New investor13 Jan 2021 21:56
Evening Kings and all
Uog - I’ve topped up again today, at above 3.1, and I’m happy with that price. Anything below 3.5 is a steal, but with so many opportunities out there UOG can’t have it all.
I’m in 3 O&G within my PF, but UOG is now my largest holding of those 3; purely based on risk reward relationship. Whilst the rewards might be larger in the other 2 oilers, I like BL approach, the stable region, KEE as partner, the drill program, the cash flow, the reducing debt, 100% Walton, (all during Covid) and not having to go cap in hand to the market going forward.
Seller will go at some point; the bath always ends up empty when the taps are off and the plug removed. Sometimes takes a while to drain, but it will.
Then we can get back to happy Levi and that will make the board a cheerier place too.
Holding