O/T trap oil look cheap, very oversold, nav is much higher and trap sp is lower than lgo which is stupid and trap sp look about to go up too
It had been a heck of a ride for me as well. Hailing from Malaysia, any fall in the share price is magnified more than 5 times. LoL. I have recommended friends to buy LGO too. Two of them actually were in panic mood after seeing their investment falling by 50% (They bought in the 6 plus region) on Thursday. I told them that LGO is a sound company with good fundamentals. I finally asked one in particular whether she wanted to sell into an illogical market or maintain her investment which was the best logical choice. Thankfully she heeded my advice. All of us here managed to breathe a sigh of relief and looking forward to coming weeks ahead.
80 dollars a barrel is what neil has modeled lgo and goudron on. So the oil price does for me change the companies proposition significantly.
2.60 is possible in this current depressed market
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