Thanks for your replies. I think it depends on your view of the future re the POO and economic growth in the US and the rest of the world. I'm am not positive on the future of economies and markets, so am now coming to DLS from a very bearish perspective.
I'm sure if the POO moves up to $60-70 dollars DLS's share price will follow, but I'm not convinced that this would necessarily be off the back of the company's fundamentals or their future short to mid-term growth potential, more just a mindless response by traders and the machines that determine stock prices these days. Hopefully I see my $1.13 back in any future rally, but after that I'll be bunkering down and watching how this story plays out over at least the next 12 months. If oil reverses again I'll be looking at DLS for an opportunist trade.
It is a well run company with a solid core business, but the upside is now in the hands of the markets and the actions of other players. Management aren't in a position to deliver growth anymore so IMO the price will drift in the longer run.
Good luck with your positions.
Eshmun
DLS Price at posting:
99.0¢ Sentiment: Hold Disclosure: Held
