For what it’s worth22 Feb 2020 13:30
There is sound advice on this BB about taking profits on the way to spud. However, I think I will stay fully loaded for the result of the drill. I’ve not been involved with a successful oily before so at that point I will be in uncharted territory. That said, I plan to offload around 40% of my holding upon good news. I will then look to hold the rest until the company is bought out which might be months or years down the line but will, I believe, be at a significant premium over immediate post drill price. I think that places me at the very high end of risky strategy so this is certainly not something I am recommending to others particularly as my assumption about the long term may be completely wrong. If it plays out it will be life changing. If it’s a D then I will lose an amount I am comfortable (not happy!) to lose.