hey ted!, page-23

i sold, i am not a trader
-cvn was too large a share of my portfolio.
-cvn had made a remarkable recovery from a low position.
-combination of new finds, having survived the GFC with cash in the bank & making the top 200.
- I made a small profit and moved on.

_the quarterly report did not fully explain the fall in production of the producing wells considering there had been new finds. I had been under the opinion before the multi drilling of wells that the oil producing wells ie POE-9 were only slowly declining and would produce for years. You get the feeling somthing could be amiss and they are trying to recitify the situation or put a spin on it.

just my opinion. I am sure they will find more oil but the opportunity was too good to ignore.