$EGY @MrBullish99 It’s a nano-cap with practically zero debt. They had enough cash-on-hand to buy (at the perfect time) from a distressed, next-door-neighbor seller. They DOUBLED their production and reserves, just as oil is starting to tick upward, with multiple vaccines just a few months away from being widely distributed. As for the comment in the other thread about where it was two weeks ago, my average is 0.822. If after this news 1.25-1.30 is too much for you, I don’t blame you- maybe you think it has gone too high to fast, but you wouldn’t call this low-float a “turd” if you were currently up 50%. I don’t think you really know what you’re talking about. Never underestimate pristine, zero-debt balance sheets in an environment like the one we’ve all been passing through. That’s the first rule of trading oil, kiddo. @deep187
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