Crossraods; I am pleased to hear that you value my opinion & thanks for the kind words...
However, I only started trading last August; In fact, it was MNLU that prompted me to open a an account with fidelity. During my first six months of trading MNLU was climbing & I learned just how easy trading is - or so i thought. I exited 75% of my position and decided to buy more small-cap energy companies only to find out that trading wasn't as easy as I thought it was.
My philosophy was to target companies who have the geology. I spent all my time looking at what was in the ground when I should have been looking at what these companies had in the bank... I'm sure that you can guess the rest of that story.
I currently have no interest in MNLU/AEXP, though I am watching it closely. I am encouraged by the recent news...
1) they seem to have the financing under control & that was the only real obstacle.
2) they seem to be moving toward the merger, and the delays had made me skeptical. Without the merger in place I (assumed ???) that the liabilities were not distributed equally between the companies and this made me uneasy. However, with a successful merger I will likely buy back in...
3) one other small thing that bothers me that the field will difficult to develop due to the floods, but that may turn out to be a positive. the longer it takes to develop, the better the chances are for the natural gas prices to climb...
They certainly do have the geology...
AI
