FAR 3.41% 45.5¢ far limited

Thought for the future, page-33

  1. 6,309 Posts.
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    My thought... All assets other than Senegal to be divested in order to remove the temptation perpetual exploration then if someone wants Senegal it's game over. The Oil Search comparison is pie in the sky; management teams ALWAYS present carrots like that, especially management teams of smaller companies. I've been listening to them for years and have the carried losses to prove it. It's all blue sky and great things on the horizon notwithstanding the fact that financial system is still in a funk and crisis could rear it's head at any time. Interest rates are at zero or close to it for how many years now for a reason, negative interest rates are a-comin' and you've seen what a .25% increase in rates in the USA did for markets.

    Like Kenny Rogers sang "you got to know when to hold 'em and know when to fold 'em"...... FAR takeover is when to fold 'em, take the winnings and walk away.
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