Some news from Brazil, the diesel supply is back on track, with no report of shortages anywhere, and in the state of Goias is with almost normal levels of diesel.
OGX is located in a region called Goias Velho, where the diesel is easily available everywhere. Government are playing hard to enforce the new price policy, where diesel should get a discount of $0.46 per litre from selling price in the 16th of May.
Now, the lack of information from the company really worries me, since we having over 36 hours of normal supply of fuel, and clear to see, that the local economy is back to normal in every sector. If they having issues getting the supply of fuel back, I am pretty sure they should inform the market. Maybe they are about to release other information and want to release everything together. If this is the case, that is fine by me, just don't want to see this strike as excuse to the performance of the company, and since the board decide to skip April commission/production all together, the release of some numbers are long overdue!!!
Time to deliver some news OGX, good or bad!
All my opinion only!
Bid.Rod
OGX Price at posting:
7.9¢ Sentiment: Hold Disclosure: Held
