What's my goal?14 Nov 2025 21:55
And this is the trouble John. TXP continues to be a "jam tomorrow" or "this time next year Rodney" company. There's no stability, the prospect of a "wall of cash" or dividends seems utterly ludicrous now. But that's what shareholders were supposed to get. I was in here pre Coho when the prospects looked exciting and they were a true microcap company. Coho was almost decided as a very poor cousin to the rest of Ortoire when it was first drilled. But it's becoming increasingly hard to wonder whether they actually drilled the best location first. Since then nothing, and I mean nothing, has gone to plan or prediction. There were red flags all over the place but the ramping crew were vicious in ridiculing anyone who brought them up. The names have varied over the years with the old ramping crews being retired and new ones brought in.
I was asked what my goal is in posting here. It's certainly not to gloat at anyone who has lost life changing amounts of money. That sucks, particularly when other people fool you to trust them. It's more to warn people to do their own thinking and research and to trust in no other anonymous poster; everyone here has a motive. Rampers, derampers whatever. I'm neither. I'm not talking the price down to get a cheap entry. I'm more looking in to realise how fortunate I was to get out when I did here. That's not a boast. I've lost large amounts of money on some spectacular failures in early O&G startups. I did well here (going contrary to all investment advice about eggs and baskets and AIM) but more by luck than expertise.
There's a narcissistic drive that makes people revisit shares they've done well on. But I tend to completely forget the shares I invested in that could have completely wiped me out. I mean I've had some humongous AIM flops.
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