The oil market has rallied very hard already. This guy Lamm is someone I view as an amateur energy investor. I've been in this sector for 15 years. He should have been able to return 10% in the last 60 days if he had any idea what he was doing. Particularly given the size of the cash he's trying to invest.
I see no reason for me to pay him to invest my share of the cash versus me investing my share of the cash, while also under-performing my return. That's the situation we're in unfortunately.
The best we can hope for at this stage is a below market private placement in a good looking energy investment so we can ride the rise in oil instead of being stuck with whatever weak trading Kentgrove tries to implement.
Or a merger with a dividend paying entity so we can collect a consistent return.
Wiggling
NGE Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
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