If you've followed my blog from the beginning, you will know that I am currently still holding my one and only US stock, EV Energey Partners (EVEP) [O & G Industry]. I bought it in Apr 2015 at a high of USD 16.65 per share (even though only 250 shares), you know how the O & G Industry performed since then and yes, it has plunged more than 90% and currently sitting at USD 1.07 per share (last trading @ 08/11/2017).
I've been contemplating to average down this counter in view of the recent recovery (seemingly) of oil price as well as the O & G Industry in general. Last night, I've made the move and added another 250 shares at USD 1.15 each. So, my average price per share now is USD 8.90.
 |
| Oil Price chart (3 months) |
 |
| EVEP Chart |
It might be a mistake, as in I might be throwing more $ into a deteriorating stock but I am prepared to take the risk (or bet) with the long term view that the oil price (and the O & G Industry as a whole) will continue to be on the recovery route.
EVEP will be releasing their 3rd Qtr Result tomorrow (9th Nov 2017), let's see how it goes.
Cheers!
 |
| Register the 16th Nov 2017 (Thu) or 25th Nov 2017 (Sat) Preview Sessions of Factor Based Investing for FREE here! |
No comments:
Post a Comment