OEL 7.14% 1.3¢ otto energy limited

Sorry ladies and gents had a gut full , I’m out . Good luck to...

  1. 1,694 Posts.
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    Sorry ladies and gents had a gut full , I’m out . Good luck to all and I’ll still be watching for trade opportunities and reading the forum.

    3 yrs ago I would of said they were in a position where it was near impossible to not make inroads , production was up , forward earnings looked promising.


    plenty of opportunity still here , if the cash on hand is put to good use but with market risk, without clear forward prospects identified the risk of production declines for me and the lack of managements willingness to reward long standing holders despite cash reserves is disappointing.

    May buy back in but management need to prove a return to holders is possible and forward identified prospects need to be clarified before I would consider a reattempt at holding.
    Last edited by akap: 17/05/23
 
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