I'd love to have worked for these guys - let's face it, the pay is good, you don't have to achieve much and the money keeps coming in!!
Nah... I used to have a good sized position. I spoke a couple of times to Mccaul and Mckay in '18 and '19 but after the last conversation I started to sense that these guys would say pretty much anything. Then in '19 I could see everything starting to slide and I got out and lost a fair wack on the way.
I think there's definitely something in the assets but these guys are just not the ones to make it happen. They're tired, out of ideas and out of credibility as far as serious market player are concerned. They're taking the p**s out of their shareholders
Look at what Galilee Energy and what Lansom & Shorrocks have achieved. Look at what the new guy Brad Lingo at Armour Energy has managed to do. Look at how Devaney at Central has brought in a serious big hitter like Mick Mccormack. At least Philips and Flint at Blue Energy don't spend nearly as much and still manage to keep themselves in the game.
It's not personal personal, it's personal because they are the wrong people to be in charge.
COI Price at posting:
7.5¢ Sentiment: Sell Disclosure: Not Held
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I'd love to have worked for these guys - let's face it, the pay is good, you don't have to achieve much and the money keeps coming in!!
(20min delay)