Yep. Sold some at 1.60, 2.20, 1.40 and the last qtr at 0.98 and 1.04 for a small loss. On the brighter side I have lots of cash right now, will wait a bit to see what the stock does but will probably buy some for the UK drilling next year. Made back what I went down in the metals correction and a little more, but I had hoped for better and am kicking myself a bit for not selling more sooner as I gave back a healthy chunk of change.
Looking at a few miners and a few oilers, quarterly earnings will be out in a few weeks and I expect there to be a few corrections in some of the domestic oils but generally the values from the spring and summer will still look like values. I might tighten up on what I consider a decent debt:ACFPS ratio to guard against managements possible mismanagement when the POO correction comes, anybody under 1.0 should be safe. Still think TUI is the best buy out there and a long term, if less than exciting, hold.
Currently 30/30/30 metals/oils/cash. Will add 2 or 3 miners and pick a few oils to go a little heavier on. Would like to be about 70% oil.
K.D.
