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Subject:  Re: Tough times for Aubrey Date:  1/9/2013  10:43 AM
Author:  mungofitch Number:  13089 of 16864

I own it, and it is down 50%. Do you think I should sell or hold?

I increased my position yesterday, a little, using puts.
Not sure whether that's a sell signal or not. Probably so, as I never seem to make money in hydrocarbons.

The current news is actually kinda positive in that it seems the board, newly stuffed
with relatively rational people, is perhaps getting control of a few loose ends.

I actually believe that the company will complete its divestment program
without any major problems, meaning the liquidity questions will fade.
If they also manage to meet their promises to stop acquiring properties
and run the remaining assets for cash, they'll be cash flow positive and on a steady keel.
If the NG prices rise a bit they'll do very well.

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