NWE down 10% today on Wisteria dud but loads of oilers including bluechips down 5-10% today Tough market.
In last weeks Oil and Gas Weekly John reckons he was going in the queue at 6.2c to pick some up as a buy on bad news play post Wisteria, and ahead of Puffin drilling results. You obviously dont buy at 6.2 to sell at 6.2c so hes sees upside from here.
Still confident P-11 and/or P-12 will save us by year end, especially if market sentiment improves in the meantime.
NWE Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held
