Does anyone find it coincidental that BUL, VPE and WCL each appeared to have a 'redoubling' of the sell depth y'day after LNG ltd reported they were having discussions with alternate gas suppliers?
BUL announces two very positive developments and it fails to break through 20c and even get back to its old range at 22 to 24..
VPE releases its half yearly and when I look at it I am left scratching my head as to why they would be worth $150 million and not pushing up on the figures presented. They have fairly solid cash flow, real prospects and sufficient cash at bank to execute an extensive drilling program. But the sp goes down.
WCL, appear to have nabbed a producing field for a song and the sp was moving up...until y'day and suddenly there are 340 000 shares lined up in its way. being a low volume stock its enough to stop it rising.
Could probably make the same argument about BOW but i haven't been watching it that closely.
Joining the dots, its not hard to start speculating that perhaps Shell won't be stopping at AOE and BG are cognizant of that risk and are poised to protect the flock they are already involved with but waiting to see how the reserves picture unfolds?
The point being , these 'coincidences' could (and its only MHO ) indicate we are close to the dam busting .
You never know your luck.
BUL Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
