Hi Rizzla, with respect to your comment "but no-one seems...

Hi Rizzla,

with respect to your comment "but no-one seems interested" ... I think you are wrong. PVD has held up amazingly well in the face of a sharp correction in the general market. A lot of specs have been hammered in recent weeks and in the face of this PVD has traded on good volumes and held above 50c very strongly. When the market turns (Nov?) I think PVD is set up for a move up.

There is no doubt that a market correction can kill any good trade, especially when the trade is driven by timing elements such as the spud of a well. For this reason IMO with oilers the best attitude to take is to be happy with any outcome as long as it is a profit! It is OK to set price targets, but don't raise the flag on them as Mr Market rarely delivers gives you what you want, when you want it...

Plenty of time yet. I seem to recall that when we get a Sept/Oct downturn, the Christmas rally can be a ripper. So maybe PVD might ride that wave when it comes?

Cheers
Gosouth