Expect BT has hit its Total Depth and result incoming and BP perhaps delays although its a touch ahead of schedule anyways (too early for a result on BP). If BT hits hcarbons we are in for a nice bump! (deserves to be much higher than now) if it misses we are due for a temporary hit to SP.... ive invested in a few small caps where it's been punished hard on dusters but with SM71 flowing nicely even on bad news I think its a good buy with the additional wells to be drilled and it being fundamentally underpinned by SM71 (from an earnings perspective its still very cheap but small cap oilers, ive found in the past tend to work more on catalysts rather than the P/e).ÂEither way we will know shortly.Â
GLTA DYOR
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