Yes, you see how its been holding at that bottom price of
1.60 Cdn (1.12 US) since December. It hits it and bounces
above it. I like those 2 longs also. I think that we will
just have to continue to be patient.
I only have a 5% portfolio balance in EEE now (have been
doing very well in non-O&G related stocks) and have averaged
down to 2.46$Cdn cost, so I can afford to wait it out. Even
if it does not pan out, which I don't believe will happen, I
won't get hurt very much. Unfortunately other investors may
not be quite so fortunate. It isn't only EEE, a lot of the
oilfield related stocks are suffering - in spite of the
favorable prices on oil & gas. Investors just seem to have
shied away from the industry. |
