bargain, page-7

all oilers ( and others) have the perfect storm atm

Commodities going down
sentiment negative on any resources - and in reality the number of discoveries both in minerals and O&G has been very poor with some >700 companies listed on ASX - more does not mean more discoveries obviously - and most of us know why - not enough good talent to spread across 700 Cos!!
tax loss selling
No news is death - so whilst nothing has changed for many such as pcl far etc this is just pure death to sp
Ability to raise capital near zero for exploration, but even if you have $30 million in bank you are still treated by the mkt as if you will need to raise $$.

how many times have we been here before - many times
so accumulate if you can and await the return to business by end of year for at least pcl and far anyway.