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Strategies & Market Trends : Ride the Tiger with CD

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To: Condor who wrote (84891)6/11/2007 9:46:37 AM
From: LoneClone  Read Replies (1) of 312759
 
I have an offer in to sell one third of my Oilexco on the triple, about a dollar above current levels. First oil is certainly a big milestone, but with two rigs and lots of prospects locked up, there could be quite a few catalysts the rest of the year -- Constance, Bugle, Ptarmigan, Blackhorse.

However, the next double will be take a while, which is why I am planning to rotate the money from selling the shares into earlier stage plays like IAE, AEN, etc.

LC
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