As a well confessed overweight NEN holder we must view this situation as a rare buying opportunity. world thinks the sky will fall in and sentiment is in a hole... meanwhile over at NEN, they have de-risked all projects further with additional de-risking underway (3D seismic in Vietnam), announced a world class farm-in partner (read ENI recent company reports- they are HUGE and are throwing massive cash at exploration.. more reserves on the way at Paloma. Oil price at an unsustainable low range... some short term traders would have been looking for a pop on the sp given media specualtion that the farm-in partner was to be announced this week.. This is not a ramp as I am happy to keep accumulating until the market cottons on. be greedy when the market is fearful as Buffet says
NEN Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
