I'm not a disgruntled ex or current employee of SXY.
I have been buying SXY since the low 20's -my posts will attest to this from around Sept-16.
I am happy with the return on investment on this (as it has outperformed most assets).
I simply believe there is so much to our asset (in terms of fundamental analysis, and not charting).
Corp finance 101 will tell you that free cash flows drive valuation and ultimately the share price. Drilling wells unlocks free cash flows. I am extremely unhappy that in 9 months only 5 wells have been drilled, given where we are in the current oil and gas price cycle.
I've invested to see the monetisation of WSGP which will boost the share price if successful.
I did not invest in this to miss the oil and gas price boom. The 2P reserves keep me interested in this. All we need is a captain (either acquirer or new management team) to drìll wells, and deliver the free cash flows we are entitled to.
