Another bad day in the energy sector for many stocks.
The important thing to remember is to buy on weakness and sell into strength. With India, China and other countries growing like crazy it's a no brainer that energy stocks will be the place to be for the next several years.
We have here a little company with a small float and o/s with a LOT of 3D identified reserves in the vicintity of a 150 million barrel field. (Lisbon).
This is not rocket science. Put 2 and 2 together and see what you come up with.
Buying large at these levels and below. I just can't pass up buying oil for .85 per barrel in the ground.
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