Hi Jamil, Well, I almost bought more EGY but then I got cold feet as I did not see any good news about the energy sector. Bloomberg said the S&P 500 energy sector went down 1.5% last week so I held off. Glad I did as it is down to $1.44 at the close of the market today. At that price it sure is tempting but I just am not sure.
As to them using their cash it would be nice if they put out even a small dividend, but I'd bet they won't.
Will you buy more if it gets down below $1.25? That's what I am planning on doing. It would bring my average price down to $2.053/share.
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