I am not about to put numbers on it, but yes it is still really really cheap.
KEY is one of few stocks that I am comfortable in throwing $ into; in that it will be pretty much weather proof... it is a goldie in the oil and gas game.
I am like many others in not being 100% sure the market is going to keep going up for the next 6-12 months (gotta be 1 more hick-up?)...
With the news flow coming, the market realisation of who is running the company etc; this is a stock for the times.
There are lots of Management teams who can spruik a good story however few ever succeed in delivering serious wealth to holders.. KEY has the team.. (Hardman, MAK and others)
IMHO there are some serious long term fundamentals missed by the investing public and they will be realised..
- Gas will go up due to the push to cleaner fuels
- Africa is the new battle ground for resources
Throw in UK, Italy, you have Ted Ellyard putting in $250k and taking up full entitlement out of his own pocket there is reason to be relatively confident about the future..
Lots of stocks go up and down, but real wealth is in stocks that are sound and have reason to go up long term.. KEY fits the bill imho...
Good luck to all, I reckon the journey has finally started.. like all journeys, expect some bumps.. but like any journey... make sure you enjoy it.. bumps and all... the finish is a loooong way off.
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