SittingPretty wrote:I need to re-evaluate my energy sector portfolio since was a bit rush when buying into some of them:
Currently:
KPLC 7%
Kengen 13%
Kobil 17%
My intention is to have a long term view and possibly inject more cash. Please your take.
Thanks in Advance.
Perhaps I must give reasons why I bought into the counters first.
Kengen: I believed that the infrastructure investments going on would pay off some day, well and the gut feeling!!! Did not consider the rights issue.
KPLC: I hedged against Kengen as was continuously bleeding and since I couldnt bail out.
Kobil: With KPRL issues sorted out and the money owed recovered from the industry and paid up, and having abandon the volatile hedging model. The petroleum sector is evolving, lotsa elbowing going. Lets just say had to much expectation from their performance.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11