Its fairly obvious from the trading action that a large seller has suppressed the share price rather than any fundamental shift in Cels position. In fact , all the press relating to shale gas out of South Africa has been very positive and CEL remains on track to get its exploration right this quarter and subsequently will do a farm in.
Once the seller has finished, which must be soon given the amount of shares traded lately , it would not be surprising to see a pop to more realistic levels.
CEL Price at posting:
8.4¢ Sentiment: LT Buy Disclosure: Held
