Peter,
If you are a longtermer then don't worry about it being a slug atm. I am all in favour of it being a slug for longer, as I am not ready for my next, and probably last top up.
How many other oilers pay a divi, and further more pay a divi AND don't keep raising cash? How many oilers on a lower PE AND with long life asset? How many other oiler management teams can you trust more?
Selmo should spit off cash for decades, and at a higher rate than present, imho, and then once Selmo is understood and running like a swiss clock, plenty of scope for further assets.
I will let others chase the get rich quick, exploration thrill and drill oilers.
EL
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