Yeah can everyone sell! Wouldn't mind averaging down a bit more.
I hope we all realise that these Prices (oil) can't stay for ever IMO. Even the Saudi's have said they can let it get down to $50/ barrel. I assume this is their break even... So they will want profit but they want to price out some of the jnr's so that the bigger companies can pick up cheap assets and projects.
If if this investor is genuinely interested in AKKAD and not just owning 100% of it than I am glad to have a partner to ride out these rough oil prices until they return to their long term avg. there was a lot of talk from OPEC about cutting production so clearly they know the long term avg should be much greater than current prices.
IMO, strap in and ride it out. Who knows maybe we could see the recovery we all hope for much sooner than expected.
As always please DYOR.
AKK Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
