The thematic is the collapse in supply out of the North American basin , the US rig count is now lower than 2016. PONY etc holding onto their gains better than I would have expected, and trading very good volumes. CE1 followed these names into the hole, so to some extent we should follow them out.
Technically we look good, but I think the best we can hope for is that we won't see 0.002/0.004 again, and 0.005 is now the buy zone. Volumes traded is still pitiful , where is the 200 million share trade day to clear the comsec flippers that took most of the stock below 0.005
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