AMU amadeus energy limited

Monty,Your views are valid and I certainly take them on board...

  1. 9,031 Posts.
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    Monty,
    Your views are valid and I certainly take them on board but for me AMU's sp will bottom when the poo bottoms and the sp will recover along with the poo. Of course it's up to the individaul when they think the poo will recover and it may well see 20 or 30 bucks but that will be an overreaction and will not stay there long. As we saw with the price of oil at 147. To me $30 barrel is rubbish. Do you think demand has shrunk that much to justify 30 or even $40 a barrel? Hands up all those taking great pleasure in topping up the car and going for longer drives now the per litre price is under a buck.
    This is only my personal situation but why should I sell at 50-40 or even 30censt and crystalise losses? Answer: Only if I needed the money desperately or thought that AMU wouldn't survive or I thought AMU will never see those prices again. None of those 3 apply to me and I believe the poo is not far from a bottom and there will come a time (and I don't think it is that far away) when all will be long oil again. Happy to be buying AMU at these prices for a medium term recovery.
 
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