TXN 0.00% 58.0¢ texon petroleum ltd

looking forward to the next agm, page-31

  1. 1,999 Posts.
    lightbulb Created with Sketch. 86
    I sold out early last year (good timing as it turns out!) and didn't pay a lot of attention for about a year, but over the last few months have noticed how low TXN's share price has been going. Today's low of 33c really caught my attention.

    I'm a little puzzled. Perhaps events haven't been quite as good as TXN might have promised, or as well as holders would have liked, but it doesn't really seem that drastic. I see Agentm is still plugging TXN tirelessly, with almost as much enthusiasm as early last year when the share price was about three times what it is today (must admit, I'm really glad I didn't listen to him around the time I sold!).

    Is it just me or is TXN really undervalued now? I'd really love to hear Agentm's explanation of why TXN has gone from 90+c around the last time I was paying close attention and where it is now, with his enthusiasm for TXN even greater then than now. What went wrong (I can't really see much to explain it).

    Tempting to buy back in. I considered it when the price was getting close to 40c not too long ago, but was concerned about falling knives and all that. I didn't really research thoroughly before the price went below 40c and kept falling. Not that I'm big on technicals, but I'll still pay attention to them when they're sounding alarm bells loudly enough. I feel similar today, but again, falling knives...

    In my (admittedly still fairly unresearched) view the fundamentals look good enough to justify higher (I suppose I'm preaching to the converted with that one!). I don't see anything to justify a 12 month low today. I suppose I'll keep watching and possibly buy back in at some point in the not too distant future, especially if the price drops below 30c.
 
watchlist Created with Sketch. Add TXN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.