The negetive trend is not just in pcl... Lets see what happend in the orenge basin stocks from high to low...
1. pcl from 0.028 to 0.016 its -42% 2. Sintana energy from 1.54 to 1.01 its -35% 3. Bw energy from 33.9 to 24.9 its -26% 4. Aoi From 3.29 to 1.90 its -42% 5. Eco atlantic from 16.25 to 12.6 its -22% 6. galp from 20.81 to 17.68 its 15%
So whats the common thing between them? 1. The oil prices are negative in the last months... and there is a fear from recession. 2. There no any activity in the orenge basin.
Specific reasons: 1. pcl fear from the delay in the farm in process with woodside. 2. Sintana a. block 87 reasons b. block 83 - no deal ... 3. Bw energy - not very good report... in the production assets... 4. Aoi - The company in re organisation... it take time. 5. Eco - I dont have a reason. 6. galp - the didnt complate the farm in process to pel 83.
PCL Price at posting:
1.6¢ Sentiment: None Disclosure: Held
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