RE: Beef baron29 Sep 2021 12:01
toroil,
I have thousands of these bought for prices as low as .9p which means at current price of 3.75p I am well in profit but I wait for the next big bonanza.
And I have been here since Atlantic days, since the early 1970s, when these shares were peanuts, and as noted in 2012, O'Reilly sold 13.1m shares for $100m which was an average price of $7.63 a share at a time when I had plenty of consolidated shares.
So from 2012 to 2015, at various times, I sold thousands of these shares at various prices. So you think I lost my shirt?
In fact, in one year I paid the Irish Revenue €44,000 tax on profits from these.
Then from 2015 when the price tanked, I started buy up these and especially during the Druid/Drombeg farce when they found billions of barrels of water rather than oil thanks to Schlumberger who messed up.
At the same time, I have always had good old Lansdowne and San Leon who are partners in Barryroe and profited accordingly.
So, sorry to disappoint you. These shares have allowed me to pay off my mortgage and fund the purchase of three houses for my children.
I think my balls are still un-burnt and my shirt is well and truly on my back and I wait for the next big bonanza when these shares hit 50p and I will be, as they say, on the pig's back. Anything above that will be gratefully received.