The supply side is looking very emaciated on prospects of a firm move upwards pre-spud.
No one wants to accidentally be bought out to cheaply. Plus, there's a lot of people out there, like me, that are holding out to reach our entry prices. Once these prices are reached/bettered then I'd expect to see some selling.
I seems there's some anticipation building, at last. What do you reckon is the general expectation about target price for OEX at spud of Cambay-77H? Will selling pressure allow the sp to reach 10c, or will it get swamped at 8c? I really don't have any sense on this one.
OEX Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
