ADE adelaide energy limited
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Looks like a clear breakout from the long term resistance of...

  1. TwinTurboCelica
    10,131 Posts.
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    30/03/10
    19:04
    Post #: 6516425
    Looks like a clear breakout from the long term resistance of 16c. Nice strong close today at 19c.

    Looks to be very cheap, given the low market cap (200m shares), constant revenue ($2.5M a year), 100% owned well hitting oil (22m barrrels - 5 wells), and 10% free carried in 20TCF target....
    ADE Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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