elliott wave count, page-24

Goodoil,
Nobody other than Cujo has enjoyed watching the price drop like it has. I go through moments of wanting out due to the perceived unfairness of it all and the seemingly endless downturn. Nobody enjoys seeing their wealth being eroded when fundamentals point in the opposite direction.
I'm at the point where I try and gauge what can really go wrong from here. If you shaft all the emotional stuff and apply a cold hard rationale to the predicament, you end up with some very impressive assets that are way undervalued, which nobody can take away without a very big cheque.
*Is the gas in Poseidon real and it flows? yes
*Is Kar's share of the volume likely to be 3+ TCF? yes
*Does this value Kar at 2 - 3 times it's current SP? yes

Not to mention the high possibility of K2 showing good oil shows in the crest. Bilby being huge and if porosity issues prove workable then that could be a company maker just on it's own. Pre salt leases which are probably worth our marcap now minus cash. Maruja might even give us some cash flow one day.

So we have the goodies and a bucket load of cash, so in my view the next 12 months will be the big turnaround and all those brokers will be proven correct. I think selling now will be a one way ticket to regret.

Am I pissed off? yes
Am I prepared to eat my shit sanga as Black would say? yes