Hi tt2000, i would suggest that g12mo is a negative poster.
I am a risk averse investor (with Senex one of my riskiest investments) and I am equally happy discussing good and bad points of Senex.
g12mo however constantly posts negatively, and the posts are generally short and lack much substance, I cant remember the last remotelt positive post I have seen about Senex by g12mo.
This last post by g12mo is a perfect example. In the post he is highly questioning of ID's strategy of borrowing to fund SXY's developments and questions if this is a good tactic to build a gas business. In 100% contrast to this is g12mo's holding in his beloved BPT which is one of the highest leveraged gas stocks on the stock market, a tactic which is has worked well for BPT.
Applying his logic about Senex taking on debt would mean he would sell his holding in BPT asap.
As I suggested to g12mo, what is SXY's alternative to debt? Raising dilutive equity?
I have a small theory that g12mo either hs a chip on his shoulder re SXY or tries to downramp SXY in the hope that BPT picks up SXY for a song.
SXY Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held