" hence I decided to buy in " .... if only this was a reliable BUY signal. COI been a long time gunna, and recent CR was not a turning point, but it was relative to previous CR's "modest" ... but will it be the last CR ?? Congratulations to those technical traders who sold near 40c in 2018, and later when the SP around 20c .... commiserations for long term shareholders who Buy & Hold on their research and analysis .... or follow some analyst ..... the best is yet to come ????
The world is awash with gas, and if the Ukrainian war ends, and the sanctions on Russian supplies ends at at the same time major world economies are headed into recession .... oil & gas prices could plunge, like iron ore etc ... and that means stop gap LNG imports to NSW via Twiggy's new Port Kemble LNG plant will be successful and act as a model to let Victoria temporise while the "alternative energy rollout continues " ??? Not a good time to be invested in O&G IMHO. COI remains Investment quicksand, with no bottom in sight ... HOLD if you have the stomach and don't need the money
COI Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
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