Some of you....3 Jan 2025 18:07
.... are crazy lol
I say that because the price of oil has jumped more than 5% over the last week, production is increasing daily, they have reduced expenses massively and like the CEO said this translates to nearly 5X extra cash, as the overheads don't increase as production increases.
They also have substantial tax losses they can use to help get a really decent profit per barrel plus no further discounted raises will be on offer which is confirmed.
But sell away, thanks to some of you I was able to buy almost another 13M this afternoon at .026 to add to my substantial holding, so cheers for that
π