This one is for trading up and down, not holding. With that said decent money can be made if you time it right.
Sold out of XEL today (at an insignificant 6% profit considering the holding period and volatility) and might look to re-enter RRS in the future, not sure. Seems to have found a stable level at just under 5p and at least there's a bit happening with Trinidad now. The problem for most new investors (and myself) is Landau. If there was an experienced, proven CEO who consistently delivered shareholder value, I'd be invested already. But as it is there's a big risk discount applied because of PL. Even if he does get 2500bopd in a reasonable timeframe how can an investor know he won't have diluted the stock by an equivilant amount in the same time to persue some other corporate scheme that gives him and his mates plenty of options?
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Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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