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Even at 19.2 is a decent margin to buy in now
I agree the future is bright here, as an off topic there looks to be easy money short term in Amer - current buy out bid above current price and Echo which is revenue producong has a big impact drill upcoming and is at historic lows
Captain - I don’t much like your “ one sided” discussion bias but fear a lot of traders think the same as you. Reality is this will not see a huge amount of action in the short term, I’m going to keep adding and averaging down. I do feel there is a bright future, just not in the next couple of weeks
It’s bonkers, spoke to a friend who works shares/finance ( don’t ask his tips are awful!) he says a lot of negativity was attached to Mikes comments about the previous licence issues still not being sorted out properly even now and although they were lowed to keep drilling, this is a concern about how this might bode for a quick turnaround on other permits. His personal view ( and mine) is that activity over the next 8-12 weeks will eclipse these worries so I’m still topping up and shocked it is at these levels. Getting rid of the short term squad is. Good thing