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Gold/Mining/Energy : Transglobe Energy Cp

TGA 3.720

0.0%

Oct 14 4:00 PM EDT

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To: CommanderCricket who wrote (2793)	2/5/2009 1:02:29 PM
From: JimisJim	Read Replies (1) of 2826

OT: Cricket.... couldn't reply via PM as I am a freeloader... I actually feel pretty good about things for BPZ... as I posted at iV, this really deflated a lot of the risk, IMO... I think a lot of today's price was baking in the possibility of further delays/issues with the financing -- more than the 15D news, which isn't that catastrophic, IMO... I was worried I would NOT see $4s again because that's actually where I expected to see it (albeit sooner) after the JV news early last month, when I sold a huge amount of my position with an eye to reloading in the $4 range... And I still content it is only a matter of when, not if, that POO recovers -- even if it is only to $50-$60, should buoy BPZ quite a bit and make the financing risk tiny by comparison... again, IMO... I should stress that I'm willing to play this for 3 years or more... and I may play around with selling more puts and/or trading around core position on volatility, but want to maintain a substantial core position for the LT. Jim

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