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As a long ter holder my plan for failure is simple.... Bang my head 3 times on my desk like Basil Fawlty... Go and make a cup of tea... If as our man says he doubled his investment @ 25 then sell some now and be happy.... Or hang on but wear a skull cap ready for head banging.. Plan over
That's because LTH have seen failed drills cash raises broken dreams the are 10 times as many shares in circulation but up cheap by investment companies price goes up 100% sell out and the cycle starts again... Maybe one day we will find oil but with the number of shares in circulation.. What will the price be,,?? Gla
Another dilution I am feeling like a bottle of barley water. I got on the wrong horse and fell for the hype. Well done all the day traders who have done well. Its Long term holders that has the jam on their face today like me ??
I have said a few times and don't want to become boring (excuse the pun) that Icewine 2 had pressure and bitumen (hard/heavy Hydro carbon) Charlie 1 has pressure and gas(light Hydro carbon+) ... In between must be... Oil imo
In my opinion. There is something in the HRZ. But with oil prices this low its not worth the risks at the moment. However in exploration the job is to find the reserves then sell to producers. I expect that we will carry on with testing and valuation another crack at HRZ is likely as where there is bitumen and gas there is generally oil hanging about.... Just gotta find it.. My opinion only..
General thought us the condensate sweet or sour gas.. How much of it at what pressure. Is there oil there also.. Is it connected to HRZ.. Lots of questions. Can the gas be passed to process by existing pipelines? It's not all over but it's not a welded on success. Cheap shares for the brave imo
Wayne... Choice is always yours. I was in heavy and will sell half and bottom drawer the rest.. I am in plenty others but can't make recommendations.. But for obvious reasons oil stocks are a bit iffy at the moment. Just be careful and good things may well come your way. Its not all doom n gloom good luck