re: wpl's announcement to hooter Well said H.
I'm trying to keep positive too.
When we have a little slump I take the long term view.
This company will be producing oil at a substantial rate in 15-16 months. Tiof will inevitably kick in and bump that rate even higher. $1.80 or $2.00 does not account for that level of production.
Maybe we will see some success from other exploration areas such as Uganda and Guyane down the track.
I doubt strongly that the company has finished finding oil and/or gas off Mauritania.
They are having a bad trot and it is frustrating but it won't last.
I can't accept that WPL would bid 1:5 but HDR is an attractive group of assets at $1.80. 1:8 or even 1:10 would be more WPL's style.
Maybe another player will come out of the shadows.
The point is, short term volatility is only a bummer if you have a short term view.
Go long.
Try not to look at it!
- Forums
- ASX - By Stock
- HDR
- wpl's announcement
HDR
hardman resources limited
wpl's announcement, page-5
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)