oil at record again, page-33

EL

I hear you, however I subscribe to the Buffets theory diversification is for those that dont know what they are doing. (something like that)

Seriously though, my strategy when investing heavily in a stock is the following
1) good cash backing is a must
2) strong revenue
3) dealing in an area that has revenue upside
4) conservative and communicative management

cooper gets a tick on all four

with cooper i think there is a couple of free ride levels

One, CB basin assets plus cash plus CB exploration value - around 60 cents,so anythig below this is very low risk
Two, CB plus cash plus free carry value of Bargou high impact wells - value about 75- 80cents
Three - free ride one or two high impact wells (one if no CB success , two if approx 500K CB barrels discovered).

I think cooper is risky if one falls in love with the stock and carries through all high impact wells if they fail. I qwill also be less comfortbale to go into high impact wells without any more CB success

I am very willing to sell cooper at any stage if I feel it has overshot its value. whether its 75 cents 90 cents or 2 dollars. I sold during Kurnia and I will do it again with limited emotion. However at present I see my investment in cooper as low risk, despite the companies size I think it is less risky than some blue chips imo

I do appreciate your advice and it is true that anything could happen, but I am also using 75% capital gain money which I have until end of June to make more on or net out.