Punters should remember that the upcoming spud is listed as a...

Punters should remember that the upcoming spud is listed as a 10% chance to hit oil. (I think the gas chance is 40%?) This means a 90% chance of not. It's a bet and if it comes home then you stand to make serious returns although not as much as a 10 to 1 winner at Randwick I would guess. The point being that if it comes up a duster as seems likely, then the share price might just drift a bit lower until the next period of anticipation. People who take their profit now maybe be the smart ones come the 15th July. I for one will wait but given the odds I am tempted to cut and run now. Guess that's why the market is the biggest casino in town.