perspective2 Sep 2019 10:10
I haven't posted here in a while (other then giving Lefty a hard time) but want to give some perspective at what has happened with 88e over the last couple of years.
I originally invested into the idea of the possibility of a large (huge) oil discovery in Alaska, a place known for oil and a government helping to get it out of the ground rather than opposing it. I invested at .63 and soon found myself down to .35 over Christmas which wasn't what I wanted. It took a while and I actually was out the day of the 1st results so couldn't really sell, de-risk or get crazy. I kept my composure and finally de-risked at 3.65 and took also some profit while still keeping 8M shares on a free ride. Boy, did I feel great. I looked at my trading account every day and thought about selling all and just find the next investment but continued to believe in the discovery and promised myself to ride it out.
Long gone are the days of a sp north of 3.0+, yet here we are, having a partner who equally sees the potential of the discovery and put his money in to make it happen. Unfortunately oil in Alaska is a VERY slow moving business and there are days on which I wish I had just moved on, yet I'm here still believing in the project as it makes a lot of sense and waiting for the next 6 months (once again) to see the results from the next drill. Will it be this year for the conventional? and what about the unconventional? Will 2019 still be transformational or is finding the partner for this drill already the transformation we all should be happy about? I don't know... all I know is there is oil in the ground and Dave must start t get it out of the ground, one way or the other. Here is hope...
Monarch
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