ELK elk petroleum limited
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imploding

  1. davo22
    4,837 Posts.
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    07/10/08
    06:21
    Post #: 4351766
    The bad news is financial markets have just imploded..the oil price has been smashed and markets have crashed over 7%...ASX looks like plummeting at least that today...........Aus$ destroyed, down around 12%.....so in effect, in international $ terms the Aus sharmarket is looking like crashing 15% - 20% today...


    The good news is in Aus$ terms oil has risen to $125BO......

    Hold onto your hats guys....and to think this was meant to be our month....I get the feeling it is getting of to a bad start..
    Cheers
    ELK Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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