How does one verify anything this company says about its assets in Argentina?
Why wouldn't someone try to buy the company for 5x current market value and still get a steal on their shale assets (if they're worth what the company/Maglan says they're worth)?
Why havn't they made a single move to monetize their shale assets in Argentina?
Was in around 55.60 and after a bit I realized I may have jumped in too soon. Luckily I sold at 52.40 after earnings.
Just look at how it's trading on the ASX. It's better to admit you made a mistake, take a small loss than hold on it forever lose much more money and still claim you never screwed up.
""A nearly monthlong strike at U.S. refineries escalated early Saturday morning when workers at the nation’s largest refinery in Texas walked off the job after another round of negotiations failed.
Union leaders warned that workers at other large refineries in Louisiana would also strike by Sunday if the dispute doesn’t end.
Refineries have largely continued operating amid the labor strife, but plants accounting for roughly 16.5% of U.S. capacity are now affected, up from 13% before. If workers walk off at the additional plants on Sunday, the strike will affect refineries representing 19% of U.S. capacity.
After the latest negotiations ended late Friday evening, workers at the Motiva Port Arthur Refinery in Texas, the country’s largest refinery with a capacity of over 600,000 barrels a day, walked off the job shortly after midnight. Motiva Enterprise LLC is co-owned by Shell and a subsidiary of Saudi Aramco."