"It is hard to see a better value ST play in the O&G sector right now."
I mentioned VIL's action just today which isas short term as it gets, along with MEO and BUY/MMR to easily refute your claim. I could have mentioned more but my point has aleady been made.
You were called correct acordinly, and the 'genius' is just the sort of 'emotional' reply I warned against. Caliente for your own investment performance sake .... you need to lose the 'emotional'.
VIL put in production casing, VIL even built a gas pipeline and further more VIL even put in production facilities but in the end they got no commercial production from FP1.... More tellingly however was the delay in reporting results and things went from 'as good as it gets' to 'no commercal production'. Shareholders suffered massve % losses along the way.
As I said 'delays are bad news 95% of the time'. The risk as an investor is to clutch at straws and see what we want to see which in this case with STX is assuming that putting in of production casing is a positive.
I say its likely to be marginal.... at best. STX mangement don't want to give up their big blind which is very understandable and defendable even.... An investors decision is a separate issue however with responsibilities only to themselves.
Those who got out when the delays started in VIL did not lose on their investment. Similalrly with CTP I dont think Ya has posted on that stock since CTP delayed giving their pressure test results before Johnsons1 was declared a dud.... some know what delays mean....and some have yet to learn. The hard way is a good teacher though. Suit yourself.
Blastoff
STX Price at posting:
17.8¢ Sentiment: None Disclosure: Not Held
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