June VWAP so far is 13.77c on volume of 5.8m shares (4 days trading). Its the highest Monthly VWAP price we have seen since April 2022 - 2 years ago. Its been a god few weeks with promise of better times ahead. I bought back into OIL back when Robert Cooke was appointed chairman and was delighted with the recruitment of Dr farah after I read through his resume. Ive been on the sidelines for a number of years but happy that I got back in.Picked up more at 8c in the SPP, too, and that has worked out well. Hoping for 20c by end of June as new "True Believers" come on board to mop up any tax loss sellers that might be out there.
OIL Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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