Hello Jurgis,
Thank you for your thoughts.
I guess that's the downside, that it's a complex structure which prevents easy valuation. The company either needs to get its story out or find a way to unlock value. But, still there is value there, if not from a direct earnings perspective.
I guess from the macro side, I agree that I want to hold oil companies, but from a short-term perspective I'm waiting for a pullback. I owned SGY, CHK, TOT, E, ATPG, NE, and GEOI, but recently sold SGY and E. Just waiting for a pullback to rebuild a couple of positions. Maybe I will add to TOT, but PBEGF still interests me. Decisions, decisions...
Thanks,
Cwillyg |
