NZO 0.00% 39.0¢ new zealand oil & gas limited

Well, I expect a good fall if it is a dry well. 50% whatever.The...

  1. 3,546 Posts.
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    Well, I expect a good fall if it is a dry well. 50% whatever.

    The SP does not really move- very illiquid. The sheep farmers do not seem too keen to put their precious up for sale. CUE is more liquid. More volume if punters only need to budge half a cent to make a trade. Anyway- that is my reasoning.

    If the well is successful- then a lack of liquidity could mean a lack of sellers.... any way that is in the future- one day at a time- not getting too carried away etc etc.

    IMHO DYOR
 
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