I like INP story and the current share price seems a bargain with little downside likely.
I am considering investing a large sum (to bring my holding from current level to between $100K and $250K depending on my risk analysis) while the price is low and would be aiming to pick them up below about $1.15.
How certain do you feel INP is to become a successful producer and hence increase the SP?
How much risk do you see going forward from here?
I'm prepared to risk about 20% of that capital amount (with stops set accordingly) - though a $50K loss is always going to sting so I would rather avoid that.
If you think this would be too much to risk on INP (about 10% of portfolio) - what other oilers would you suggest that have potential for returns (approx 2-4 times price increase) like INP over the next few years? How do you compare the risks of other options.
I typically have about 25-40% of my total portfolio in energy stocks, particularly O&G.
INP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
