There will be two events that will propel the SP to new heights significantly provided there are no unexpected surprises.
1. Farm in news. I think this is given. If not, then all the better for PCL to have better deals.
2. Result of first well. if positive, our money problems are over. If it is a CR, I think it will be over subscribed. if the result is negative, then WDS might walk; but other majors might
take a second chance and still save PCL.
My question is whether to lighten on the way down? Or risk it and collect the full prize.
PCL Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
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