Management have been criticised in the past for being too conservative. They have worked hard recently to change their image. TAP’s cash position speaks volumes for me. Yes, management has been conservative, but are changing their image when it counts most. This is why we are seeing insto support at a most critical time in the life of this company. The oil price is high and TAP is going all out to expand and create wealth for the shareholders at the most opportune time. It’s now or never and the history of TAP coming up with the goods when it counts is high. Our downside is minimal and is supported by a share buy back scheme, an aggressive exploration police, sound fundamentals and cash in the bank.
Our money is safe and our leverage to the upside is immense. I am more then happy to sit, hold and wait. At worst if nothing comes off then my capital is fairly safe. If one of these elephants does prove fruitful then this mid size company could be transformed into a blue chip overnight. This is what the big boys see and why they’re taking their position now. I am with them all the way to hopeful when the perceived inevitable happens.
When it shines like a star, it usually is.
Luv the TAP!
Rgds LSM
TAP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
