OEL 0.00% 1.2¢ otto energy limited

Oil Price Rebounding..?, page-8

  1. 1,702 Posts.
    lightbulb Created with Sketch. 134
    Oh my lord surging!
    They really did get stuck the cap raise with the bottom of oil lol. Look I’m not too upset +24% in one day is lovely. Even if we get back to say $30-$35 with the hedging we have we will be in a great spot.
    A few more days or and official announcement from Russia or the Saudis will go a long way.
    Expect us to rally as I feel most of our sell down is complete and mark my words even with the cap raise 13mil (26mil approx after cap) for a company that will have a strong balance sheet and some pretty healthy production seems cheap.
    All IMO DYOR
 
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