The share price is already 2.3cents below the spud morning price of 7cents...seems ur right that the market has factored in a Duster..even before any drilling gets into top gear...
Given the above there is a good chance that some research has been done. Before the drill....these people who make the decisions are not Dills. They are experienced oily people they do sometimes find oil.
U point out issues with cash being risked.....
U should recall that there is another drill shortly after this one...even at the end of the worst possible outcome Pcl will still have some cash to carry on...and another farmout to bring in cash....
If push comes to shuv....the prospects are still worth something...
Buy...sell...hold...
Scared to buy more..me too.
Current share price is already low so why sell?
Hold.....huge upside...opens up huge potential....but..low downside cause more drilling to follow and top up the cash with a farmout..
My pick Hold enough to make it worthwhile....good news or bad news... IMO
PCL Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held
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