Dessert, I agree Matad is a buy if it drops into the teens as they still intend to drill in 2017.However, I'm not entirely convinced by the long delay.An acquaintance of mine,who is on the board of his own listed junior oil company, says delays with farm outs are often due to lack of interest,as opposed to too much interest , but who knows?
Matad will almost certainly drift lower in the coming weeks,so it's a short for me with a buy stop,then when it hits the teens, I will reverse & initiative a long position in anticipation of the next spike.
Hopefully Wolf updates soon.
WOF Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
