My impression is that the ii has a very unintelligent track record with oilers, eg their past ravings about TAP and ROC long past when it should have been obvious to them that they were wrong.
That said I agree that 27 offers a very good risk/reward, and the Greek/Swan/DOW typo storms of last week have taken the exuberance out of our sp.
I also note that Brent (our marker) has gone back above 80, and also notably that in recent times it has been trading at a premium, rather than at a discount, to WTI.
Also nice to know that Maari is is a fiscally stable location, with little chance of underarm bowling from the govt. In fact currently a "do nothing" govt, vs govt by hand grenade across the ditch.
EL
CUE Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held
