Well, I for one feel stupid for not selling at 29c ! My plans to cash in for a Very Merry Xmas just went up in flames.
Looks like we are in for a Very Messy Xmas!
But now that we are sub 20c, there is no point in selling. AOK is very well placed to weather the storm with profitable wells, excellent margins, and no debt. WTI forecast for 2015 remains in the mid 90's, and AOK wells are still very profitable in a doom and gloom $70 scenario.
The silver lining is that lease aquisitions are probably going to be cheaper over the next 6-12 months and current share market issues will have little effect of the medium term share price.
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Well, I for one feel stupid for not selling at 29c ! My plans to...
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