When the facts change: Getting back into Equal Energy
I have been inching my way back into a position in Equal Energy over the last week and a half. On Thursday, with the stock dropping back to $3.40 (on the Canadian exchange) I increased my position significantly.
Of course I sold Equal at an even lower price. I began selling in May with a third of my position at $3.35, another third at $3.20, and the rest at $2.85.
So why by back now?
Well, some of the facts have changed.
Three key events have occurred that have changed my opinion on Equal Energy
- I read the SeekingAlpha posts on Equal by Nawar Alsaadi
- Drilling of the Mississippian has begun
- Central banks around the world are easing
Reminiscences of a Stockblogger 