I am a bit confused / baffled by the Markets valuation of OEL .The cash flow over the life of SM-71 screams at me that it should be much higher.
The Market is valuing the exploration assets at virtually zero , Nada !
I have resolutely added as the price has sunk back under 6.3 cents and have a very big holding now .
I am still a few percent in the green but the chart says I won't be soon .
What does the Market know that I do not ?
It did give me pause when an insider with a large holding sold out at 5.5 cents .
I rationalized it as "people need money for all sorts of reasons ".
It is emotionally hard work betting against the market .
Am encouraged after buying a large parcel in CVN while there were rumors about that there were troubles in the drill .
More than trippled in a short period with probably more to come .
Emotionally felt a bit like I am feeling about OEL now , before the Announcement of the discovery .
OEL is a bit different because its production cuts out most of the downside .
Hope no one thinks I am blowing my own trumpet , just trying to encourage holders who will be getting frustrated and a bit emotionally beaten up by the price slide .
When there is any good news from exploration over the next year things could move fast .
CVN has undoubtedly found an elephant but Alaska is elephant country too .
As always in exploration we just need a bit of luck .
gltah
- Forums
- ASX - By Stock
- OEL
- Ann: Otto to Drill 400 MMbbl Nanushuk Oil Prospect in Alaska
Ann: Otto to Drill 400 MMbbl Nanushuk Oil Prospect in Alaska, page-128
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OEL (ASX) to my watchlist
|
|||||
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M |
Open | High | Low | Value | Volume |
1.2¢ | 1.3¢ | 1.2¢ | $495 | 41.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 13099582 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 10577965 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 13099582 | 0.012 |
9 | 10547005 | 0.011 |
19 | 23237452 | 0.010 |
3 | 6100000 | 0.009 |
5 | 595371 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 10577965 | 17 |
0.014 | 3665902 | 8 |
0.015 | 5327000 | 10 |
0.017 | 72000 | 1 |
0.018 | 209912 | 2 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online