'Putncalls' pid='31690' datel Wrote:
'Dmarque' pid='31649' datel Wrote:
'ArtM72' pid='31629' datel Wrote:Pavel was right. Those of us longs who invested funds after Antelope 2 was tested would generally have been better off putting our money in index funds. But then, the right time to invest in this stock since Antelope 2 has always seemed to be now. Can we agree if anyone takes Pavel's recommendation today planning on a 25% return in the next 12 months would be investing his money wisely?Nobody would dispute that.....AND that is why the advice is worthless. It is so friggen obvious~! An Analyst is supposed to be able to make those assumptions on his own.
HISTORY:
When Wayne Andrews first recommended Ultra Petroleum the stock was under $5/share. Upon completing his analysis his target was $100. A year later theUltra was trading for $100. Shortly thereafter he made the same discovery of InterOil. Instead of writing a report on IOC he tendered his resignation and bought all the IOC he could get his hands on (At less than $2/share). That is conviction~!Pavel has no b@lls~! His targets are merely calculations of what will not undermine his position with his company in the event that his is wrong. If he was good he'd make those assumptions.....I don't see the value in declaring a target of $100 for IOC when we all know that the company is significantly worth more than that even without the HARD WRITTEN deal consumation. THAT is just what he should sharpen his pencil enough to determine if he is going to take the role of an analyst. He's a beaurocrat~! More intent on keeping his job than serving those who read his reports. We certainly have enough cowards in Washington and clearly we have them on WS as well.
Just to be clear! I was talking with WA a couple of days before he left RJ and IOC WAS at 12$/sh. This was right after the 2008/9 crash.
So the gist of what i was saying is wrong because his entry price was $9-12 and not $2? Come on......
Bottome line is that Wayne knew a highly under-valued property when he saw it and was willing to risk security of a well paid position to take advantage of his assumptions. He left a cozy career as a well paid analyst at RJ to bank on his calculations of the assets of IOC and invest in it. He was precluded from doing so while employed as an O&G Analyst at RJ. Compare the risk he took to the risk that Pavel takes in having a chicken target of $100. Who had the greater skill and made use of those skills??