I've been around. I unloaded about half my position in the mid fifties after holding on so many years. So I at least missed part of the gut wrenching drop into the low thirties. Now I am watching the stock recover with great interest. It OUGHT to be much higher than it is now,bui that is what I thought for all of those years since 2009 when I first bought in. If we finally do get that pie in the sky I will be there, albeit at a reduced level.
Almost pulled the trigger yesterday to add to my BBEP position, first laid on at 5.17. Something told me i could add cheaper if I were not in such a rush. Turns out to have been good "internal" advice. But this is a stock with huge upside potential. Where is the "safest" current entrance point? Are we there yet? Any thoughts? I like it for current dividend yield and cap gain potential.
These wells were spudded almost one year ago. Shouldn't we have some definitive results by now? Our stock is in the thirties largely because IOC management is so slow in communicating vital information to its stockholders. If these two wells are successful in any kind of major way shouldn't we know about it so it can be factored into the stock price?
Right at this moment we are seeing BBEP bounce back. Always dangerous to become over confident,of course, but most energy stocks are recovering as well from early weakness. With its excellent distribution yield, BBEP is a stock in which one can afford to be patient. I bought in at 5.17, ten days or so ago, so I am quite pleased with performance so far. If anyone knows of stocks with equal yield and upside potential, I would sure be happy to take a look at them.
I hope these comments don't jinx the stock! I've seen it happen.
I say that it is way undervalued because the last time the gold price was around $1300, as it is now, JNUG sold for the equivalent of over $300 before the one for ten reverse split. That is about EIGHT TIMES what it sells for today. So either JNUG was grotesquely overvalued at that level or else it is grotesquely undervalued at today's $45 price.
And yet not very long ago they sent out a message to those already in the stock hat reflected doubt about Xoma. They were concerned about the Baker Bros. sales and the poor stock action. They warned that if the stock continued to act poorly they might exit it. Now they are fiercely touting it again and asking for money from those who don't already know that it is Xoma that they are talking about. I hope that the hype turns out to be correct this time around, but their about faces on it worry me.
I just listened to their latest hype on what is obviously XOMA. They claim massive insider buys, but all I can find are sales (from Baker Bros.) I kicked in $5900 to them and all I seem to get for that is 45 minute hype spiels ending up with requests for yet more money. I am down on all their recommendations that I have purchased so far, including XOMA. If this one also bombs then I am really through with them and will ask for money back. Has anyone here asked for that, and if so, do they actually give it back?