NWE norwest energy nl
Add to My Watchlist 0.00% ! 5.6¢

10-12 cents by fraccing time

  1. TBE
    3,734 Posts.
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    10/03/12
    00:08
    Post #: 9819600


    5 year monthly chart of NWE.




    This thing looks like it is about to break out.
    Sounds ridiculous after a near 100% rise in 3 months, but it is not even where it was this time last year and as I have posted plenty of times, shale is HOT right now.

    Shale was barely even on the radar 12 months ago.

    Given the added interest in shale today, compared to 12 months ago...and also looking at the above chart, I suspect we will be at 10-12 cents by the time the fraccing gets started in a few weeks.

    Something to watch.

    What's your call & why?
    NWE Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 18  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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