Thanks for that thoughtful reply. It helps to clear my thinking a little. It begs the next question: why are these small oil companys stock prices remaining "lowish"? should I wait for a jump before selling or expect them to hover low and sell at a minor loss and put money elsewhere? decisions,decisions!
90- I believe the stall in stock appreciation @ these levels is due to the recent(2008) history. The run up in 2008 precipitated in part an economic collapse & subsequent sharp decline in oil prices. Today in many respects is no different where a run up to $140 could lead us quickly back to $50/bbl. The effects of $110/bbl can be seen & heard daily & the underlying fear of what it cud bring yields caution. $100 oil is bearable & w/TGC's lifting cost of $20 bbl quite profitable. What TGC needs is more production going forward which will counter an inevitable fall back in prices as fundamentals once again control the pricing(IMO).GLTA