My fundamental views on this stock are very well established on HC so in the absence of further announcements from the company I thought it would be useful to discuss the technical aspects of the story in the short term.
Over the last few weeks the stock found good support against a backdrop of a buoyant oil price.
Strong short term support was evident at 88.5c but today it has fallen through in a pretty heavy way. If the broader 'risk off' trade in the market continues (I suspect it will after global equity markets moved up in a straight line since November) the next support level is hard to quantify and presumably is a lot lower than these levels.
Thoughts?
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