Instead of pushing my own shares
I thought I might just add some words of caution here
to the dreamers chasing wild dreams of O&Gs drilling monster wildcat wells
If MOG/MEO disaster is not enough to ring alarm bell for you
check out MMR/BUY/GBA/BPH's latest ann (yes they may still hit some shows on next target reservior, but things dont look good for now).
NDO/KIK is not doing any better
For wildcat drills, I buy early and sell all position days before spudding
Appraisal wells, I sell half pre-spud to free carry the rest
So if you want to hold an O&G stock before results, make sure you are:
1. free carried, &
2. the well is at least appraisal well
Otherwise you score a better chance at casino playing roulette imo
just my thoughts
before chasing the multibaggers
know how to protect your capital first
safe trading 2011 everyone
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Simon Kidston, Non--Executive Director
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