Proof of Concept: Banking on 50 Million a Day and No More Small Pipe
Once DJ is on production and in the rear view, we quickly move on to bigger fish. Main Pass has to move. LC and Highlander have to hit. Natural gas has to move up. I'm in, but this has been a long, joyless ride for me.
After todays action, it is starting to look like ATPG.
And yes, it has been a LONG "joyless ride" indeed at this point.
Something must have changed, and not for the good.
Maybe some news will be forthcoming in the future.
I agree that it has been a long ride. However, since so much has now been learned about the SWUD along the way, it has not been joyless, for me anyway. I think we longs should take heart from how much gulf shelf geology has been advanced by MMR and the amazing lease portfolio created. Disclaimer: I am only long in MMR, EXXI, and TISDZ with IRA retirement money. I do not have any meaningful holdings in my cash accounts.
FYI...you have your allocation backwards...MMR is either a 100 bagger, or a zero; therefore, it should be in your PA ...NOT your IRA...after all, if its successful, and you hold it for 10 years, do you want to be paying ordinary income on that "win"...and if it is NOT; don't you want the ability to write it off? If you own high dividend stocks, THEY should be in your IRA; and your specs in your PA (or, as you put it your "cash account")