Irynka,
As an active investor one of my core requirements is that I understand the stock, and can make a reasonably informed assessment of likely outcomes. I have decided that with SAE I am not in that position.
This market has presented a number of other grossly undervalued opportunities. I have chosen to move on to businesses I understand better, where I feel less risk of being dissapointed.
I don't follow FP - although they seem to cover many of the oilers I follow, they also often seem to trip up on one of the key points of a story.
If they have serious exploration success, or get Paris flowing I might take another look - atm I like the chances of IPM making serious money in California (as well as Turkey) much better. SAE is one of the EBITDAX champions - I like NPAT, free cash flow and divi's. In oil it is the TDAX that kills.
Imho SAE is best left to the more sophisticated oil investor.
EL
- Forums
- ASX - By Stock
- SAE
- fundamentals and production
fundamentals and production, page-14
-
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)