NWE 0.00% 5.6¢ norwest energy nl

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  1. 11,033 Posts.
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    that seller is thinking im going to invest in something that will most likely go north in a shorter time frame than nwe.

    as per the last norwesterly it appears they have shut in the c to do a pressure build up and it will be a further 4-5 weeks till the reserve estimate.and possibly 3-4 months till full well appraisals flow test etc are completed.
    I did notice they have dropped any news on when they feel it could be completed.

    so to me it's money moving to greener pastures .Thats trading for profit as i understand it.
    For me im staying put as i have held for a long time and don't want to jeopardize my cgt advantage.
 
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