Just now was able to grab 500 units of SDLP at $5.16. This is a volatile market, more so than usual, and I could see in early trades that my bid to acquire the 500 at $5.10 wouldn't execute. So I upped it to a penny above market, hoping I'd not be thwarted. Of course it immediately dropped to $5.12 but who am I to begrudge as fellow investor $20? I don't get off on being a stiffer hustler.
So now I'm comfy with 6,000 units of SDLP and a cost basis of $3.03.
I am absolutely positive this will be above $7 in the Fall. I could believe above $8 but I don't want to create an illusion in anyone's mind so let's keep things earth-bound.
However, energy is rebounding, nobody would dare deny same. Rig counts are changing hands constantly but while that points to a sale, it also translates into a purchase. And total world oil and gas consumption are on the rise. Daily we're bombarded with media threats of supply insufficiencies.
There are not a lot of companies out there doing what SDLP does----and does so well.
I could go on and on about life-terms of existing contracts and such but we on this board are well versed in particulars of this sort.
So it's decision time---
Do you/we add or choose to yield to not trusting ourselves?
AI
