Some of these oilers feel like gold stocks where when gold was in the $1,200's early this year.
I reckon a good comparison to this is something like MML. I remember we both took it in the high 30's (I personally sold way too early) it hit a peak of 96c. About 1.5 bags from entry if held on.
As you say it's about faith. This is priced for failure. There is either something we don't know lurking behind the scenes that torpedoes us which is always a chance (have to be real about that) or this bounces hard when sentiment turns.
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