Just bought a few more at 268, and sure enough then started trading at 265 ish. Sure seems to be unpopular, but the t'was also when I bought during last years cyclones. If they drop another 5% I"ll be tempted again. As we all know, always difficult to pick the bottom.
Still look the best exposure to USA gas IMHO (certainly if using a ML) and IMO USA gas is currently about as low as it will get relative to oil, but then I am only an amatuer observer.
I suspect Fern has been overpunished for doing a bit of "normal" exploration for a change instead of his usual duck shooting. Let's hope the failure is not related to recent staff departures.
I also like the China story unfolding, like Doran's approach.
PSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
