NWE 0.00% 5.6¢ norwest energy nl

ascending triangle breakout pattern, page-26

  1. 1,187 Posts.
    re: im not selling I'll tell ya. Until Magnolia the best scenario is success in Tennessee and Kentucky. This seems to be the main game for then next couple of months. Along the way there may or may not be news of something good in India. Meanwhile there could be a build up for Magnolia. One would hope that it could manage 20 cents. Then, if Magnolia fails, it drops back to, what, 12 cents? 10 cents? who knows. It won't be pleasant if Magnolia is a duster. From there the trend should be good once again, with a slow build up based on Appalachian success and eventually the prospect of the North Sea.

    I have not included further Australian drilling in this scenario.
    All the best to those who hold through it all (it probably won't be me), may Magnolia make a fortune for you.
    Pennynut.
 
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