CVN 2.44% 20.0¢ carnarvon energy limited

Woodgnome,You have mentioned me by name and revealed a similar...

  1. 1,138 Posts.
    Woodgnome,

    You have mentioned me by name and revealed a similar average. We should congratulate each other on the 3 bagger when a buck is reached, but no more talk of lightening load during good news week.

    Each day the world has 86 million barrels less of the easiest crude.

    Geopolitical tensions eg Lebanon, Nigeria are combining with depletion in Russia and Mexico (etc) to keep traders on edge. It will just get worse. (good news week?)

    All this without a hurricane.

    The SRB could be our friend in limiting massive upside fluctuations as more good news is revealed. It will allow the special discipline of holding to be that much easier and less gut wrenching.

    The logic should be to sell the remote house with no public transport access - and use the proceeds to buy even more oil reserves !!!

    Cheers,
    Al
 
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