that seller is thinking im going to invest in something that will most likely go north in a shorter time frame than nwe.
as per the last norwesterly it appears they have shut in the c to do a pressure build up and it will be a further 4-5 weeks till the reserve estimate.and possibly 3-4 months till full well appraisals flow test etc are completed. I did notice they have dropped any news on when they feel it could be completed.
so to me it's money moving to greener pastures .Thats trading for profit as i understand it. For me im staying put as i have held for a long time and don't want to jeopardize my cgt advantage.
NWE Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held