Cad1llac,
Well serial disappointment seems to be part and parcel of the junior oil game.
Whilst not as glossy as it looked 2 years ago, at least they still seem to have a business model with healthy full cycle margins, and with more than sustainable reserves replacement for many years.
I still struggle to see another decent small oiler with a business model not either dependent on gas, or on the big discovery.
Obviously a bit of capitulation, people had enough. A bit hard to know if a big holder reducing or whether it's perhaps a group of small holders under the guidance of a broker, or indeed just small holders had enough, as we've only seen 2% turnover in the past 2 days. High relative to recent volumes for sure.
I suppose if I weren't already holding I might be waiting to see the reserves upgrade before buying. But as I am still a (disappointed) believer I will just have to be patient as a holder.
EL
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15.0¢ |
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Mkt cap ! $268.3M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 14.5¢ | $197.1K | 1.315M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 978579 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 160943 | 2 |
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No. | Vol. | Price($) |
---|---|---|
20 | 978579 | 0.145 |
8 | 552300 | 0.140 |
2 | 437000 | 0.135 |
4 | 414230 | 0.130 |
2 | 100628 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 160943 | 2 |
0.155 | 147161 | 3 |
0.160 | 1148144 | 17 |
0.165 | 254011 | 8 |
0.170 | 797038 | 12 |
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