88E 0.00% 0.2¢ 88 energy limited

Cheers mate. It's been an exciting last couple of weeks since...

  1. 1,444 Posts.
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    Cheers mate. It's been an exciting last couple of weeks since ice 2 started to get underway.

    I'm guessing that when we get results there will be a spike and maybe a bit of profit taking or top slicing going on. I think that is prudent and has somewhat been my plan.

    I think that if we get a spike to 15-16c (market cap ~ $600m)it may retrace to about half that as the sell on the news brigade march in.

    However part of my thinks that DW will get a farm out pretty quickly and we may not see that retrace but instead an increase that reflects the fair value of the play. Ie we farm out 20% of our play for $600m and the 80% left gets valued at $2 bn. Ie 40c a share.

    A nice entree of cream of curve soup.
 
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