Sabre, i wouldnt get that excited quite yet. Besides, the chances of oil being sustainable at these prices are slim. granted it can fall a little more in the short term (thanks to the fear of a global recession), but long term there is a severe supply problem, and demand over the long term has and will continue to grow.
Ultimately i think VBA needs to get back to 65c+ which is their (conservative) asset backing. After that point we can talk about the value of the business and add a premium. But under 65c is just madness if you ask me.
Are you ok with only doubling your money from here for now?
I am.
Sabre, i wouldnt get that excited quite yet. Besides, the...
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