Agree with that (Leec)
I can't see sovereign risk as a valid point of concern for new TGS holders.
Sovereign risk is a beast. The mood swing of a nation often changes very slowly over time. Exceptions can be quite destructive in the longer term (e.g. revolutions and the fall out). Sovereign risk changes are driven by a number of factors which can be used to better assess the current state and future risk (DYOR).
Back to TGS: The effect of sovereign risk of TGS can be considered negligible for new TGS holders as the fundamental changes to how the state of DRC runs its business have not substantially fluctuated. To challenge this statement and factor in effect of sovereign risk on the SP you would really need have your finger on the DRC pulse (e.g. political climate, sentiments, state of the economy, etc.).
In summary, sovereign risk hasn't changed much since most of us bought into TGS and can be treated as a constant. The risk it had 6 months ago is the risk we have today - equally factored into your buy as it is into your sell. Longer term multi-year holders is a different matter altogether as the geopolitical climate in DRC has undoubtedly changed significantly.
Disclaimer: - this post assumes the market was efficiently pricing your risk in the first place
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