Over time with plenty of stocks I have come to read the naysayers with much more interest, as often there are valid points worth of consideration. And had I listened to some of the comemntary a little more closely could have saved me some hard earned. Everest has made some interesting points about drilling locations, and time will tell whether this is correct or not. ceratianly it is worth keeping an eye on. However I really have struggled to see how the Gulf deal is anything but good. They get more from them than the cost of drilling, so they win there and yep they share revenue, but it's at a decent % rate. I am all for reducing risk and sharing the load. Also the high impact haven't yielded yet, but by no means are all of them are dusters.
Anyhow in summary i am not blindly optimistic about MAD, and want to read balanced commentary, but I think there is pretty solid upside in the medium term, hence I have used some Super money to purchase. We'll see if that pans out.
FDM Price at posting:
59.5¢ Sentiment: Buy Disclosure: Held
