OEL 8.33% 1.3¢ otto energy limited

bhp attempting to pull the pin, page-15

  1. 8,910 Posts.
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    I'm surprised they didnt go into suspension until written notification was received from BHP.

    Acting on verbal only is a pretty casual way to do business.

    Prior to today, I think OEL erred on the optimistic side with their reporting on this saga.

    For me, there's no reason to hold this stock until they have some high impact drilling on the cards, and that means a rig booked.

    The Galoc cashflow is good but its not as if they'll be paying a divvy.

    Bad luck for holders. Even I didnt think BHP would walk altogether, going by OEL's previous reporting.
 
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