Excellent stuff coolnapz! My timeframe has been
Post# of 39368
Excellent stuff coolnapz! My timeframe has been pushed back a good bit after checking out the sheets you provided. I know that several of the longs here have a timeframe of 1-2 years and even longer for this, I'll confess that initially my goal was to make a quick return on the bulk of my shares and keep say 25% for the long term. After reading your mini treatise on E&P valuation I have revised my plan and will take kinda the opposite approach. I'm planning to sell 30% of my shares if we hit a nickel, which will get my average to just about .03, which seems to be a fairly solid support level and then re-evaluate based on what happens over the next 6-12 months. BTW it's scary that you can put that together while sucking down some brew and watching a football game, I'd say that is multi-tasking at its best. I'm going to be glued to the Cowboys / Eagles this afternoon, this could be the end of Andrew Reid. Uh not the head guy with TECO. ;-)