Mr Earl, our very competent Greek CEO, has made much of the fact that stock's low price went down along with then low Energy index.
Energy index lost its wings in march 2011 after the Fukushima Japanese Tsunami and the Queensland relentless floods which severaly impaired the coal industry in that state.
Now the Energy Index is tracking decidly up. Simple bounce back? Middle tensions? Saudi Arabia is certainly reported to favour a $100.oo barrel of oil price. Iran threatens to shut the straight of Hormutz. In that scenario oil would go sharply up.
Based on all the good news, ie #201 well pressure stable, #202 to be spudded imminently, all reports positive, acquisition of seismics a plus, company is just cruising albeit in winter.
So our Stock's price will track back up. Great opportunity to top up at these low prices.
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