Ourlady,I have no problem with it consolidating at this level,perhaps that is better than a rapid spike higher.Remember it's a Monday morning and last Friday's action on the Dow was not encouraging for the broader market and many will be reticent to buy anything today until they have direction later tonight.
I can,however,say that regardless of what happens in the broader equity markets Indonesia will still be facing a domestic gas shortfall in the foreseeable future.If you lived here you would understand there is not a snowflakes chance in hell that the gas deficit situation here is going away anytime soon.I might add that the current price producers are receiving for gas here is at least twice as high as prices achieved in the USA at present.The only other oiler on my watchlist doing much this morning is JKA, the rest are at best marking time or in the red
- Forums
- ASX - By Stock
- QPN
- brr on monday
brr on monday, page-36
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)