Seems to me it's not a good idea to sell at these levels. I'm holding pat confident that more and more good well results will be announced soon! A good entry point perhaps for someone just establishing a position here!
Prosp.. I will be buying once the gap between US and ASX narrows. Right now we are leading SEA to the downside IMO because US market is expecting a drop. Stock prices are always forward looking. I expect it to even out low .70's maybe high .60's. I need to bring my average down from my last buy-in at .92. This is the first time my SDCJF line in my trading account has significant red #'s. I'm buying so I can get out in 6 months when we're back to the mid 90's after some good wells come on with some profit rather than breaking even. Very disappointed here and I really can't see why so many posters here keep talking faith in management. I have faith in management to do two things, hit oil, and dilute my shares.. oil men they are, stock guru's they are not. Proven, end of story.
Is anyone making any money now with the stocks of these Australian o&g companies with US operations? While Sundance is my largest position in this select group, I'm suffering now too with Antares, Carnarvon, Lonestar, Molopo, and Red Fork. Overall green with SDCJF, 50% or more losses on the others. I've really believed Molopo was undervalued on its assets. Market doesn't agree.
I had great hopes for Antares and still do, but sold around 50 cents, it just was not acting right, I hope to get back in at some point, I saw where McAppion has been replaced but will remain on the board, that,s a different twist and Cruickshank made a 50,000 share on market buy today.
I've been crushed on my Entek (Green River Basin in Colorado) investment to this point, but plan to wait it out; Sundance has been very good to me, even at current share price--have great confidence it will be a big winner in the years to come; don't own any other Aussie-US stocks
Not selling. If I had access to more ready cash I would be buying here and further up. I was on a well a couple months ago in the vicinity of SEA lease land, and it had some of the best #s I've seen in the areas of the EFS that I have worked.