Tcisboss/Woodgnome,
You both could be right, time will tell. I can't say I bought the price with strong conviction.
So few good oil stories around that I guess I still hate being out of this one. Whilst acknowledging lower production this Q, I am expecting better news flow from here, and we have had a pretty decent retrace of the leg up, 62%, so I am not sure a lot more is likely. I can also see a PE of 10 around 52 as some comfort to many.
Well apart from an order in the Q I will probably not commit any more to this until it gets direction, and been through the reports more thoroughly.
Goodluck with whatever are your current picks.
EL
todays update, page-20
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