When it gets below 78c I will be at break even and start getting nervous....
The sellers are the recent buyers who are prone to panic along with day traders on a day before long weekend. Plenty of fear in the market over europe.
I bet Roman and PB didn't sell today :)
Think what is coming - When an Arckaringa farm in is announced with an oil major everyone will forget todays drop and we may see the bond holders sitting at a discount to SP. If they find 5% of the theoretical unrisked oil reserve in the exploring next year SP will be many multiples of current price.
LNC Price at posting:
$2.26 Sentiment: Buy Disclosure: Held
