Hi Werlick,
At the time that I made my choice I considered the various working interests (APO) in the Strachan play, shares FD of the participants, NAV of other producing assets, probabilities of additional dilutions if the Strachan play were successful, and other near term exploration /development activities of the companies and the potential impact of same on the companies. I also considered the exchanges the companies traded on, their share liquidity, whether the companies were heavily promoted or not, the existence and potential impact that maturing warrants could have upon a shareholding in the companies, and my personal knowledge and comfort with the management teams involved.
All things considered, to me it appeared that TKE was the place to be. So, I accumulated a large (for me) holding in TKE. And, I bought much smaller trading positions in LEY, FST and DAL for family members. I took early trading profits in the DAL and FST for my kids. Then later, on weakness, I bought one of them back into FST and again took trading profits on it. I have yet to sell a single share of the TKE and LEY and in fact just recently added to my TKE. I suspect that it will be a fair while before I sell either of those.
Later,
grayhairs |
