Topped up12 Dec 2019 08:57
I said I wouldn't do this because of my exposure already however I made a decent amount trading tullow this week and have purchased another 20,000 shares today in SDX.
Theres more cash in bank, better free cash flow, 2 x drilling campaigns and a potential take out bud coming. Buoyed by better management in control and the recent director buys.
I Had to average down to get any uplift to protect against the worst potentiaL outcome being an uncomfortable 30p takeout bid in the next few months.
I got done like a kipper on Ithaca by delek under similar circumstances so couldnt let it happen again.
GLA