I torched the last of my holding but I had to force myself to do it. I had something else which I think will be a 10 bagger (or at least 5) so I switch the cash I got out of AZZ into that but I took a nasty hiding.
It will a slow torcherous climb back for AZZ I think. I'll watch it and maybe if they fix up their other troubled wells I'll come back but my defensive story I kept telling myself blew up.
The defennsive story is they had near on $8M in revenue from their producing wells except it took a while for them to tell us that all but one well (Outlar) had turned to shite.
Revenue is $1M+ which is a disgrace given what they have spent in time and money. That actually pissed me off more than JF-1
AZZ Price at posting:
0.0¢ Sentiment: None Disclosure: Held
