Bluegoose, you're not a goose. I periodically catch up with a contact at the company to chew the fat - no new or secret information - just a chat about the company, its future and the general state of the oil market. Based on this, I'm also of the strong view that a 20-30c price target within the next 12 months is not an unrealistic target and very achievable. Also, from a planning perspective, I'm sure the company has contingency plans for POO as low as $US30/barrel. Let's not forget, there are plenty of oil producers doing it very tough and cheap assets will be gettable as soon as next month. You're correct in what you say - a lower oil price in the immediate term is a bonus for Yeager as it could help him acquire cheap targets if the acquisition is strategically and commercially beneficial.
FDM Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held
