DanCJTan OP 103365182 : I wanted to cut my losses but my average price is probably around 2.20. It is making lower lows.

DanCJTan OP 103365182 : 20,000 shares

DanCJTan OP 102380549 : Sold half already this morning. 2.16

DanCJTan : Good luck with this! I quickly exited half my position which is in the money having been painfully averaging down!  I am not convinced it is a good stock.  Made a mistake.  Oil stocks should pay good dividends and stable with low beta.  But this one I don’t know.  The MD was on BFM talked it up and many analysts agree to but just focusing on PE is missing other metrics.  Please do your research.

DanCJTan : Generally everyone on this thread thinks it is a good company.  I own shares in this company as a result of averaging down.  The reason why it keeps hitting lower lows? ROE is subpar and cash generation is negative. Assets are purchased in the face of falling oil prices making returns are weak. The funny thing is that they are pivoting to more gas assets when gas prices are at all time high hence have to overpay for Total Energies How does that make for good management? Is like you put money to work but your return is less than 4% might as well put in bank.  There is a reason why the PE is low.  Look at the annual report apart from the MD no insider is buying.